Shell Weighs $8 Billion Sale of US Chemical Assets

Shell is drawing interest from Exxon and LyondellBasell for its US chemical assets, a sale that could fetch about $8 billion, according to reports. The potential deal is the dominant thread across headlines dated August 24, 2026. Shell has also shelved its Aphrodite offshore gas project in Trinidad for now. Separate headlines describe Iran blacklisting 45 tankers in the Strait of Hormuz and threatening to fine and confiscate cargo, while the US says oil is flowing through Hormuz even as trackers cannot locate it.