World losing 100 million barrels a week of oil with Hormuz closed, Saudi Aramco chief says
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Source: Middle East Eye
Published: 2026-05-12 04:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Military & Defence, Iran, Energy, World News, War & Conflict
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Snippet:
Global oil markets are losing 100 million barrels every week that the Strait of Hormuz is closed, as a result of the US-Israeli war on Iran, the head of Saudi Arabia’s state oil producer said on Monday.
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