Despite the ongoing uncertainties in the market, including geopolitical tensions and tariffs, U.S. equities are bouncing back, showing signs of resilience under current conditions.
Wael Sawan emphasized the careful management of shipping in the Middle East due to rising tensions, highlighting the significant uncertainty in the region caused by recent conflicts.
"The paradox of the escalating Middle East conflict is that the Tehran regime is one of Russia's few allies, however it is not Moscow that is being harmed by the situation, but Kyiv."
We have, in the past, supported Israel when there have been missiles coming in. I'm not going to comment on what might happen in the future, but so far, we haven't been involved, and we're sending in assets to both protect ourselves and also potentially to support our allies.
"An Israeli attack on Iran poses a top ten of our global risk, but Asian markets are expected to recover quickly as they have relatively limited exposure to the conflict and growing ties to unaffected Saudi Arabia and the UAE."
Shell's reporting shows a 28% drop in profits, illustrating the ongoing impact of lower oil prices following the post-pandemic recovery and global economic changes.
"If you go back to when those messages were leaked, what we were doing is having a private strategic conversation about how to message this to the American people."
