Aramco Warns of Catastrophic Oil Market Crisis if Hormuz Strait Remains Closed

Saudi Arabia's state oil company warns of dire consequences for global markets if the US-Israel conflict with Iran blocks the vital Hormuz trade route much longer.

Aramco, the state-owned oil company of Saudi Arabia, has issued a dire warning about the potential consequences of the ongoing US-Israel conflict with Iran if it continues to disrupt shipping through the Strait of Hormuz. The company's chief executive cautioned that the situation could lead to

Aramco Warns of 'Catastrophic' Oil Crisis if Hormuz Strait Remains Closed

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