Europe could face fuel shortage by April as Iran throttles supplies, says Shell boss | Energy ind…

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Europe could face fuel shortage by April as Iran throttles supplies, says Shell boss | Energy industry

Wael Sawan warns of pressure on diesel and petrol if strait of Hormuz does not reopen to oil and gas shipping

Europe could face a shortage of energy and fuel as soon as next month without a reopening of the strait of Hormuz, Shell’s chief executive has said.

The boss of Europe’s biggest oil company said it was working with governments to help them address the oil and gas supply crisis, which has already led to energy rationing in Asian countries.

Oil prices dipped back to about $100 a barrel on Wednesday from highs of about $114 at the start of the week, on the back of reports that the White House had sent a 15-point peace plan to Iran’s leaders.

Shell Warns of European Energy Shortages by April 2026 | Supply Crisis – News and Statistics

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The chief executive of Shell has warned that Europe could experience energy shortages before the end of April. He indicated that jet fuel supply has already tightened, with a potential diesel squeeze and tighter gasoline supply to follow as the continent approaches its peak summer demand period.

The executive explained that supply pressures initially affected South Asia before moving to Southeast Asia, Northeast Asia, and increasingly into Europe. He emphasized that energy security is a fundamental component of national security. Europe's current difficulty stems from a lack of preparedness for global developments, leaving the region in a reactive position rather than building long-term resilience.

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