Key Points:
- CEOs of TotalEnergies, Shell, and EnQuest warned of severe global oil supply risks due to the Israel-Iran conflict.
- Israel’s attacks on Iran’s nuclear and military sites, starting June 13, 2025, have hit some energy facilities, including Iran’s South Pars gas field and Israel’s Bazan refinery.
- Oil prices rose, with Brent crude at $75.41 per barrel, a 3% increase, as markets reacted to the conflict, CNBC reported on June 17, 2025.
Top oil company leaders are worried about the Israel-Iran conflict. On June 17, 2025, the CEOs of TotalEnergies, Shell, and EnQuest stated that attacks on oil and gas sites could harm global energy supplies and lead to increased prices. Israel’s sudden strikes on Iran’s nuclear and military sites, starting June 13, 2025, led to Iran’s missile attacks on Israel, Al Jazeera reported on June 17, 2025.
Some energy sites, like Iran’s South Pars gas field and Israel’s Bazan oil refinery, were hit, Reuters explained on June 17, 2025. Significant oil flows remain safe, but the risk is increasing.
Shell CEO Wael Sawan called the last 96 hours “very concerning.” Speaking at the Energy Asia conference in Kuala Lumpur, Malaysia, on June 17, 2025, he said Shell’s Middle East operations, including oil shipments, are at risk. “We’re focused on navigating this crisis,” Sawan told CNBC’s JP Ong. On X, @MarioNawfal quoted Sawan’s warning about the conflict’s energy impact on June 17, 2025.
TotalEnergies CEO Patrick Pouyanné emphasized the importance of employee safety. “We’re the biggest oil company in the region, with sites in Iraq, Abu Dhabi, Qatar, and Saudi Arabia,” said on June 17, 2025. He hopes oil sites avoid more strikes, as Iran’s Shahran oil depot burned after an Israeli attack, The New York Times reported on June 16, 2025.
EnQuest CEO Amjad Bseisu called 2025 “the year of volatility.” “Ending this conflict quickly would help markets,” he said, noting short-term oil supplies are stable. Iran paused South Pars gas production after an Israeli strike on June 14, 2025, as reported by Al Jazeera on June 15, 2025.
On X, @DavidNStocks1 stated that the conflict rivals Russia’s 2022 invasion of Ukraine in terms of market impact as of June 17, 2025.
The Strait of Hormuz, a key oil transit route, is a significant concern. Blocking it could spike oil prices and delay the delivery of supplies. Some ships are avoiding the strait. Analysts doubt Iran will close it, NBC Washington stated on June 18, 2025.
Brent crude reached $75.41 per barrel, up 3%, on June 17, 2025. Israel’s attacks killed over 200 Iranian civilians, Wikipedia reported on June 19, 2025. Iran’s Ayatollah Ali Khamenei warned the U.S. against joining the fight.
President Donald Trump demanded Iran’s surrender, The Guardian stated on June 16, 2025. On X, @trina_roundy noted oil price jumps after Trump’s comments, citing Fortune on June 19, 2025.
