general
Shell warns Europe could face fuel rationing by April if Strait of Hormuz stays closed
Shell and other industry figures say jet fuel prices have already surged and diesel and petrol could be next, with sustained disruption risking oil near $150 a barrel and triggering a global recession.
Mar 25th 2026 · World
Insights
- Shell CEO Wael Sawan said Europe could see fuel shortages and rationing within weeks if Gulf crude deliveries do not resume via the Strait of Hormuz
Sources
- Japan to start release of state oil reserve on Thursday to ease Iran impact www.scmp.com
- Hot springs to rice crackers: Japan’s small businesses suffer Iran war energy crunch www.ft.com
- Europe could face Iran war fuel rationing by April, warns Shell boss www.theguardian.com
- African economies brace for fuel shortages as Iran conflict hits energy www.ft.com
- Hoarding Threatens to Worsen Fuel and Fertilizer Crunch From Iran War www.bloomberg.com