Shell reportedly mulls emergency measures amid Middle East meltdown

  • Shell PLC (LSEHEL, NYSEHEL) has reportedly prepared emergency measures to safeguard its energy operations if rising tensions between Israel and Iran lead to disruption in the Middle East. According to news wire reports, CEO Wael Sawan warned that any closure of the Strait of Hormuz, a key route for global oil shipments, would have a significant effect on trade.