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Aramco expects oil woe until 2027 if no swift Hormuz resumption

By CityCalc Newsroom · Mon May 11 2026 · Source: AGBI

The global oil market cannot return to normal until next year unless traffic resumes through the Strait of Hormuz chokepoint within weeks, the chief executive and president of Saudi Aramco said. Amin H Nasser said it would still take months to recover even if the crucial waterwa…

The global oil market cannot return to normal until next year unless traffic resumes through the Strait of Hormuz chokepoint within weeks, the chief executive and president of Saudi Aramco said. Amin H Nasser said it would still take months to recover even if the crucial waterwa…

Curated by CityCalc from AGBI. Read the full article at the source.

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