Shell CEO: Iran Conflict Removes 12% of Global Crude and 3% of World Natural Gas Supply

Shell CEO Wael Sawan appeared on CNBC's 'Money Movers' to discuss the company's latest earnings results and oil supply amid the Iran war. Sawan stated that taking 12% of the world's crude off the market shows the hard reality. The comment came as he addressed the disruptions caused by the US-Iran war.

While 20% of the world's LNG is impacted by the US-Iran war, that equals to only 3% of the world's natural gas, Sawan stated. The distinction underscores differing exposure across energy markets. Sawan joined the program three hours before the segment drew additional commentary from other financial figures on related market pressures.

The appearance focused squarely on Shell's position in the current supply environment. The executive's remarks arrive against a backdrop of heightened tensions that have removed substantial volumes of crude from global trade. Market participants continue to weigh the precise effects on both oil and liquefied natural gas flows.

Sawan emphasized the scale of the crude disruption in particular. His LNG-to-natural-gas comparison highlighted an often overlooked proportion in public discussion of the conflict's reach.