# Shell's integrated model and massive trading arm are positioned to thrive.

*business · news · 2026-05-06 · CNBC*

## Key points

- The effective closure of the Strait of Hormuz has removed millions of barrels from daily supply since February.
- Shell completed a $3.5B share buyback in May, with expectations of a new tranche soon.
- Shipping insurance remains prohibitively expensive, prolonging supply disruption and supporting higher oil prices.
- Shell's Q1 capital return, including dividends and buybacks, is among the strongest in the energy sector.

**Companies:** Shell plc
**Countries:** Iran, United States

[Read the full story on CNBC](https://www.cnbc.com/2026/05/06/even-if-an-iran-deal-calms-energy-markets-one-oil-stock-can-still-stand-out-.html)

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