The Economic Times

'Largest energy supply shock ever': Aramco CEO warns Hormuz crisis could delay oil market recovery till 2027

Saudi Aramco's CEO Amin Nasser has predicted that the global energy markets may remain volatile until 2027 due to ongoing disruptions in the Strait of Hormuz. This pivotal route is under significant strain, affecting supply chains and pricing. Even if the situation improves and the waterway is restored, market rebalancing is expected to take considerable time.