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0.000560600964233786 0 -0.00168180289270088 -0.000560600964233627 -0.000280300482116734 0.0012333221213142 0.00498934858167964 0.000895840340845489
Stock impact report

Oil giants warn Iran war is inflicting damage 'not only' on energy prices, but the entire global economy [FOX Business Network]

TotalEnergies SE Ordinary Shares (TTE) 
Energy titans at the CERAWeek conference in Houston are sounding the alarm, warning that the U.S.-Israel conflict with Iran is causing long-term damage to the global economy. Despite the White House's energy chief aiming to ease concerns, the executives of oil giants like TotalEnergies, Chevron, Abu Dhabi's ADNOC and Vitol Americas expressed concern about prolonged Iran-linked volatility. "The consequence is not only high energy prices. It will damage other supply chains," TotalEnergies CEO Patrick Pouyanne said, according to Reuters. "This is raising the cost of living for those who can least afford it and slowing economic growth everywhere. From factories to farms to families around the world, the human cost is mounting by the day," ADNOC CEO Sultan Al Jaber said. "It will take time to come out of this," Chevron CEO Mike Wirth said at the conference on Monday, while Vitol Americas' Ben Marshall cautioned about "severe" demand destruction if global benchmark Brent crude even Show less Read more
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