Aramco Warns of ‘Catastrophic’ Oil Impact if Shipping Halt Persists in Strait of Hormuz

The global energy market is on high alert after Saudi Aramco warned that disruptions in the Strait of Hormuz could trigger catastrophic consequences for the world’s oil supply. The warning comes as geopolitical tensions in the Middle East escalate, affecting shipping through one of the most important energy routes on the planet. According to Aramco CEO Amin Nasser, the longer the disruption continues, the more severe the consequences for global oil markets and the wider economy.