Saudi Aramco CEO Amin Nasser has warned that prolonged disruptions to global oil supplies amid the ongoing regional conflict could have catastrophic consequences for the world’s energy markets and the global economy. Speaking as tensions continue to escalate in the Middle East, Nasser said global oil inventories are already at a five-year low, meaning any extended disruption could trigger rapid drawdowns and severe supply shocks. The warning comes as concerns grow over the Strait of Hormuz, a critical energy chokepoint through which a significant portion of the world’s oil flows. Analysts say any prolonged blockade or supply disruption could severely impact global supply chains, oil prices, and energy security worldwide.
Source link
[ad_3]
