Aramco CEO Warns Of ‘Catastrophic’ Oil Market Disruption #NDTV

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.

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