
Shell ‘Being Very Careful' With Shipping Around Iran, CEO Says
Shell Plc, one of the biggest traders of oil and natural gas, is 'being very careful' with shipping in the Middle East due to the conflict between Israel and Iran, said the company's chief executive officer.
'What is particularly challenging right now is some of the jamming that's happening,' CEO Wael Sawan said at the Japan Energy Summit & Exhibition in Tokyo on Thursday, referring to the interference in navigation signals in and around the Persian Gulf.

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U.S. bombs Iran nuclear sites, Trump issues warning
U.S. bombs Iran nuclear sites, Trump issues warning originally appeared on TheStreet. The U.S. has carried out a major strike on Iran on Saturday, bombing three of its key nuclear facilities — Fordo, Natanz, and Isfahan. President Donald Trump confirmed the move on Truth Social, calling it a 'successful attack' and warning Iran not to retaliate. In an address to the nation, Trump said, 'Iran's key nuclear enrichment facilities were completely and totally obliterated,' he said. 'Any future attacks would be far greater and a lot easier.' The strikes come on the ninth day of escalating conflict between Israel and Iran, with the U.S. now directly involved. Iran's Foreign Minister Abbas Araghchi reacted swiftly, calling the attacks a 'grave violation' of international law and said Iran 'reserves all options' to defend itself. 'The events this morning are outrageous and will have everlasting consequences,' he posted on X, adding that Iran would act under the UN Charter's self-defense provisions. U.S. officials are on high alert for possible retaliation over the next 48 hours, especially against U.S. bases in the Middle East. In Latin America, however, the reaction has been less supportive. Leaders from Mexico and Cuba condemned the strike and urged diplomatic solutions. At the White House, top officials including VP JD Vance, Defense Secretary Pete Hegseth, and National Intelligence Director Tulsi Gabbard were present in the Situation Room during the attack. The U.S. Navy also launched 30 Tomahawk missiles as part of the strike. And Trump's message to Iran was loud and clear: 'ANY RETALIATION... WILL BE MET WITH EVEN GREATER FORCE.' As war jitters spread globally, crypto markets responded. Bitcoin slipped below $103,000, and Ethereum dropped 5.7% to $2,287. The total crypto market cap fell 3.7% to $3.26 trillion in the past 24 hours. Traders seem to be taking profits and hedging risk amid geopolitical uncertainty. U.S. bombs Iran nuclear sites, Trump issues warning first appeared on TheStreet on Jun 22, 2025 This story was originally reported by TheStreet on Jun 22, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Newsweek
an hour ago
- Newsweek
What Trump's Strikes on Iran Mean for Gas Prices As Oil Costs Surge
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Amid the conflict between Israel and Iran, oil prices have been surging, and after President Donald Trump announced on Saturday the U.S. would be joining the attack on Iran's nuclear sites, concern has been raised over what this means for gas prices in America. The U.S. dropped bombs on Iran's three main nuclear sites on Saturday night—Fordow, Natanz and Isfahan—escalating fears of an expansion of the Middle Eastern conflict that could throw the oil market into turmoil. With much of the West already seeing spikes in costs, further increases could be looming as the conflict continues. Why It Matters After the U.S. attack, the Iran's reaction will reveal whether the conflict could develop into a major regional or even international conflict. Iran may retaliate against U.S. forces in the region, cut off a global oil supply route or try to accelerate its nuclear program. Although, Trump has warned of further military action if Tehran does not now decide to make peace. File photo: Fuel prices on a fuel pump at a Mobil gas station. File photo: Fuel prices on a fuel pump at a Mobil gas station. Aaron M. Sprecher/AP What To Know In the past week, Brent Crude oil stocks have already jumped 11 percent since Israel attacked Iran and is expected to continue rising on Monday, according to Emirati newspaper Gulf News, although prices have been fluctuating. The oil market had stabilized on Friday, according to Reuters, after the U.S. imposed new Iran-related sanctions, which fueled hopes that a negotiated agreement could be made between the two countries. That relief in the market was only temporary as after Iran threatened to close the Strait of Hormuz, the world's most important oil chokepoint, in response to the U.S. strikes. Fears that Iran could attack U.S. oil infrastructure in the region, and levy its power over the Straits of Hormuz could "combine to make prices and speculation rise about the security and dependability of supply," Greg Kennedy, director of the Economic Conflict and Competition Research Group at King's College London told Newsweek. "Lack of clarity of how long this condition will last will also lead to hoarding or preemptive purchasing by other nations, so there are competition supply fears that will drive up prices," he added. Reflecting on the knock-on effect this would have on U.S. gas prices, Kennedy said that in the long term, the conflict "will most certainly see energy prices go up at the pumps." "This is not an act that just stays in the Gulf region, it has wider global strategic ripples," he said. Kennedy said that higher oil prices could also mean that Russia is able to gain more money—oil from the Urals region has already increased by 26 percent in the past month. "This is making war in Ukraine last longer now as well as it gives [President Vladimir] Putin both political and economic ammunition to continue his war efforts and avoid the need for peace talks." What People Are Saying Greg Kennedy, director of the Economic Conflict and Competition Research Group at King's College London told Newsweek: "The overall impact of actions that make the world look even less safe than it was previously was is always a cost to the civilian sector and society as a whole." What Happens Next As the conflict, and its repercussions, continue to unfold in the next few days, it will become more clear how significant the prices hikes will be.
Yahoo
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Kinder Morgan Maintains Strong Dividend Appeal with Growing Project Backlog
Kinder Morgan, Inc. (NYSE:KMI) is one of the 10 best dividend stocks according to Jim Cramer. UBS has reiterated a Buy rating on the company's stock, with a price target of $38. Aerial view of an oil and gas pipeline, spanning vast landscapes. One of the largest energy infrastructures in North America, Kinder Morgan, Inc. (NYSE:KMI) owns and operates 83,000 miles of pipelines and 141 terminals. Based in Texas, the company transports a range of products, including natural gas, gasoline, crude oil, and CO2. Using its terminals, the company also stores and handles commodities like petroleum products, chemicals, and renewable fuels. In April, Kinder Morgan, Inc. (NYSE:KMI) reported its Q1 2025 results, whereby it stated adding approximately $900 million to its project backlog. 70% of it is focused on serving power demand. Particularly, the company noted a record high demand for natural gas during the quarter, improving its outlook. Following the company's progress, UBS reiterated a Buy rating on the stock on June 11, 2025. It maintained the rating further on June 16, 2025, with a price target of $38, indicating a strong confidence in the company's performance ahead. Kinder Morgan, Inc. (NYSE:KMI) offers a dividend yield of 4.23%, attracting income-seeking investors. However, the 99.14% payout ratio indicates that the company may not be retaining any earnings for investment. Paying dividends quarterly, the company has held 8 years of consecutive growth. While we acknowledge the potential of KMI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: andDisclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data