Saudi Aramco CEO Amin Nasser warned that the global oil market faces mounting supply pressures as the conflict around the Strait of Hormuz has disrupted crude shipments, damaged energy infrastructure and heightened price volatility.
The figure represents the cumulative volume of crude lost since hostilities began in February, when the conflict effectively shut the Strait of Hormuz, a critical artery for oil and liquefied natural gas shipments [1]. The supply loss estimate comes as Aramco continues to grapple with the operational fallout from attacks on its infrastructure.
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