Aramco Sees ‘Catastrophic Consequences’ For Oil Markets if Hormuz Strait Remains Blocked

Summary Aramco CEO: Hormuz disruption is the industry’s “biggest crisis” Oil shipments from Gulf largely blocked Aramco East-West pipeline to reach capacity in days (Reuters) – Saudi Arabia’s Aramco, the world’s top oil exporter, said on Tuesday there would be “catastrophic consequences” for the world’s oil ​markets if the Iran war continues to disrupt shipping in … Read more