Saudi Aramco CEO warns oil markets may not recover until 2027 due to Hormuz disruptions

"Reopening routes is not the same as normalizing a market that has been deprived of about 1 billion barrels of oil."

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May 12, 2026 - 06:35
Saudi Aramco CEO warns oil markets may not recover until 2027 due to Hormuz disruptions
"Reopening routes is not the same as normalizing a market that has been deprived of about 1 billion barrels of oil."
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