Shell Stock Edges Higher as CEO Says Oil Prices May Keep Rising Beyond Iran Shock
Shell shares rose 0.31% to 3,193.5p in London on Wednesday, recovering part of Tuesday’s 1.87% drop. Brent crude hovered near $91 a barrel after renewed U.S.-Iran fighting raised supply concerns. CEO Wael Sawan told a WSJ summit that oil and gas prices could keep rising for years. Iran continues to block most shipping through the Strait of Hormuz, affecting global oil flows.