Saudi Aramco CEO warns oil markets may not recover until 2027 due to Hormuz disruptions
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Source: New York Post
Published: 2026-05-12 15:34 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Military & Defence, Iran, Energy, Business & Economy, War & Conflict
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Snippet:
The CEO of Saudi Arabia’s state-owned oil company is warning that the energy sector will take time to recover from the Iran war’s impact on supply as oil output was slashed due to the ongoing disruptions to shipping in the Strait of Hormuz.
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