Saudi Aramco CEO: Hormuz closure 'catastrophic' — IRGC threatens to block all regional oil exports
Aramco CEO Amin Nasser: 'biggest crisis the region's oil and gas industry has ever faced.' IRGC threat: 'not one liter of oil' from Middle East if strikes continue. Trump responds he will hit Iran 'much harder' if it blocks exports. Brent spikes further.
Sources
Related signals (9)
Aramco CEO says 6.7 million barrels a day lost as Hormuz shutdown surpasses every prior Gulf energy crisis https://business-news-today.com/aramco-ceo-says-6-7-million-barrels-a-day-lost-as-hormuz-shutdown-surpasses-every-prior-gulf-energy-crisis/ #Aramco #SaudiAramco #StraitOfHormuz #OilMarket #EnergyCrisis #IranWar #CrudeOil #OPEC #GlobalEconomy #MiddleEast #OilPrices #EnergySecurity #Aramco2222
Amin Nasser's warning is enough to send chills down the spine! Saudi Aramco's CEO made it crystal clear—if oil transit through the Strait of Hormuz remains blocked for an extended period, the global oil market will face catastrophic consequences. 😱Global inventories are already at their lowest level in five years. Prolonged crisis → rapid stock drawdowns → oil prices skyrocketing → the entire world economy will start shaking.
The oil market would experience “catastrophic consequences” if the halt to Strait of Hormuz tanker traffic continues, according to Saudi Aramco, the world’s top crude exporter and biggest oil firm. “There would be catastrophic consequences for the world… https://oilprice.com/Latest-Energy-News/World-News/Aramco-Warns-of-Catastrophic-Consequences-from-Hormuz-Crisis.html
Aramco already framed the next shoe to drop. With roughly 350 million barrels disrupted, a second week of Hormuz paralysis turns this from a spot oil spike into a quarter-long margin hit for airlines and chemicals.
Aramco warns of 'catastrophic' oil market fallout from Hormuz crisis https://english.almayadeen.net/news/Economy/aramco-warns-of--catastrophic--oil-market-fallout-from-hormu
As #Saudi Aramco warns of “catastrophic consequences”, a senior #Gulf energy industry official said ending the war remains the only viable way to restore exports through the Strait of Hormuz. #Iran https://english.almayadeen.net/news/Economy/aramco-warns-of--catastrophic--oil-market-fallout-from-hormu
🛢️ Saudi Aramco Warns ✅ Global oil markets face “catastrophic consequences” if the Strait of Hormuz remains blocked ⚠️ Inventories at 5-year low; disruption could spike prices & hit shipping, aviation, and agriculture #OilMarkets #SaudiAramco #Hormuz #EnergyCrisis #GlobalEconomy
Amin Nasser's warning is enough to send chills down the spine! Saudi Aramco's CEO made it crystal clear—if oil transit through the Strait of Hormuz remains blocked for an extended period, the global oil market will face catastrophic consequences. 😱Global inventories are already at their lowest level in five years. Prolonged crisis → rapid stock drawdowns → oil prices skyrocketing → the entire world economy will start shaking. This isn’t just about oil—it will ripple through petrol-diesel prices🛢️📈, industries, transport, inflation… everything will feel the shock. What do you think🤔—how many more days before this crisis deepens even further? Drop your thoughts in the comments! 👇 #OilCrisis #Geopolitics🌏 #IranIsraelConflict⚔️ #EnergyWar⚡🛢️ ⚔️
ARAMCO: Spare oil output capacity is mostly concentrated in this region So, shipping resuming in the Strait of Hormuz is absolutely critical Global inventories are already at a five-year low, we will see faster drawdowns There would be catastrophic consequences for the oil market the longer the disruption goes on And the more drastic the consequences will be for the global economy if so