Closure of Strait of Hormuz Would Have Catastrophic Consequences for Global Oil Markets: Aramco
Prolonged Blockade Could Trigger Severe Repercussions for World EconomySaudi Aramco has warned that if the Strait of Hormuz remains closed, it would have devastating consequences for global oil markets.According to the CEO, “We have faced disruptions in the past, but the current conflict is the biggest crisis ever faced by the region’s oil and gas…
