Shell CEO warns: the closure of the Strait of Hormuz could have a significant impact.

According to the Wise Finance APP, Wael Sawan, Chief Executive Officer of oil and gas giant Shell (SHEL.US), warned that the potential situation of the Strait of Hormuz being blocked could have a significant impact. He said, "If this 'artery' is blocked, for whatever reason, it will have a huge impact on global trade." He added that the company has already formulated emergency plans to prevent disruptions in oil supply from the Middle East due to conflicts between Israel and Iran.