Amin Nasser, President and CEO of Aramco, warned that ongoing disruptions to oil exports through the Strait of Hormuz could postpone the global oil market’s recovery until 2027, according to a report by Reuters.

 

Speaking during a call with analysts following Aramco’s stronger-than-expected first-quarter earnings release on May 10, Nasser said prolonged supply interruptions risk extending market instability.

 

He noted that if the disruptions persist for several more weeks, the oil market could take significantly longer to rebalance and return to stability.