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The head of energy giant Saudi Aramco on Tuesday warned the Middle East war could have “catastrophic consequences” on oil markets, describing the crisis as unprecedented. CEO and president Amin H. Nasser said it was vital to reopen the Strait of Hormuz, which normally carries about 20% of global oil supplies but has…
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“The disruption has caused a severe chain reaction in not only shipping and insurance but there’s also a drastic domino effect on aviation, agriculture, automotive and other industries,“
[analyse_source url=”https://article.wn.com/view/2026/03/10/Saudi_Aramco_CEO_says_war_could_have_catastrophic_consequenc/”]