Shell, TotalEnergies CEOs sound alarm as Israel-Iran strikes escalate

The best oil leaders have raised the alarm on Israel and Iran Escalatialize conflictsWarning of the consequences of new attacks on key energy infrastructure.

Israel surprise attack On Friday, Iranian military and nuclear infrastructure was followed by four days of spiral war between regional enemies.

Some oil and gas facilities have been affected in the two countries in recent days, although the main energy infrastructure and raw flows have so far been spared.

The potential for disruption of the major offer remains a key concern, in particular the worst scenarios such as Iran blocking the Hormuz highly strategic strait.

“The last 96 hours have been very worrying … both for the region, but more broadly in terms of the place where the global energy system takes place given the uncertainty and the backdrop that we see at the moment and geopolitical volatility”, ” Shell CEO Wael Sawan said JP NGO of CNBC on Tuesday.

Speaking at the Energy Asia conference in Kuala Lumpur, Malaysia, Shell’s Sawan said that the company listed in London had a “significant imprint” in the Middle East, both in terms of active and shipping.

“How we sail in the coming days and weeks, the situation is something that is particularly in mind for myself and the management team,” said Sawan.

Oil price Exchanged above Tuesday, extending recent gains.

International benchmark Brent Future gross with August amounted to $ 75.29 per barrel at 3:00 p.m. London time, up more than 2.8%. WE West Texas Intermediate The term contracts with delivery in July, on the other hand, were seen last time by 2.5% to $ 73.55.

Petroleum traders see The Israeli-Iran conflict large -scale invasion from Ukraine in 2022.

Total energy The CEO Patrick Pouyanné said that the main concern of the French oil giant in the midst of Israeli-Iranian tensions is the security of its regional employees.

“We are the largest international oil company in the region. We were born 100 years ago in Iraq, and we still have operations in Iraq, Abu Dhabi, Qatar and Saudi Arabia,” said Pouyanné in CNBC on the sidelines of the same event.

Pouyanné said that he hoped that new strikes would not concern oil installations “because it could become a real problematic blow, not only in terms of security and dangers and risks, but also in terms of global markets”.

While Israel and Iran continue to exchange strikes, some shipowners have started to avoid from the Hormuz Strait.

The navigable track, which connects the Persian Gulf to the Oman Sea The most important oil points in the world.

The incapacity of oil to cross the Hormuz Strait, even temporarily, can increase world energy prices, increase navigation costs and create significant delays.

Market watchers stay skeptical The fact that Iran seeks to close the navigable path, which suggests that this could even be physically impossible.

Amjad Bseisu, CEO of the United Kingdom Investigatedescribed 2025 as “the year of volatility”.

“It is almost like every day that we see something different, but obviously, this war between Israel and Iran is another step,” Bseisu told CNBC on Tuesday.

“Faster, we can reach the end of this terrible conflict, the better for the global markets, but I think the market is well supplied in the medium term,” he added.