Aramco Warns of ‘Catastrophic’ Oil Market Impact if Strait of Hormuz Shipping Stays Disrupted

Saudi energy giant Aramco has issued a stark warning about the global oil market, saying that continued disruption in shipping through the Strait of Hormuz could have “catastrophic” consequences for energy supplies and prices. The Strait of Hormuz is one of the world’s most vital maritime routes, carrying a large portion of crude oil exports from the Middle East to global markets. The warning has reignited concerns around supply stability and the potential for widespread economic impact.