Aramco Warns of Catastrophic Consequences from Hormuz Crisis

The oil market would experience “catastrophic consequences” if the halt to Strait of Hormuz tanker traffic continues, according to Saudi Aramco, the world’s top crude exporter and biggest oil firm. “There would be catastrophic consequences for the world's oil markets and the longer the disruption goes on, and the more drastic the consequences for the global economy,” Aramco’s chief executive Amin Nasser said on the 2025 earnings call on Tuesday, as carried by Reuters. The oil flow disruption will…