Energy: Shell's CEO reports that the oil market is short nearly 1 billion barrels due to the Iran war, with the deficit worsening daily.

May 7, 2026 - 17:10
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Energy: Shell's CEO reports that the oil market is short nearly 1 billion barrels due to the Iran war, with the deficit worsening daily.
The oil market is optimistic about a potential deal between the U.S. and Iran that might reopen the Strait of Hormuz, paving the way for a revival in energy shipments. Stay tuned for updates! #OilMarket #EnergyNews #StraitOfHormuz

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