Riyadh (HRNW)- Saudi Aramco’s chief executive, Amin al-Nasser, has warned that global energy markets could return to normal by 2027 if shipping in the Strait of Hormuz remains suspended. The chief executive, Amin al-Nasser, said that the global economy has reached a critical juncture due to continuous disruptions in the supply chain. According to him, any disruption in energy supplies has a direct impact on global markets.
He added that the risk of oil supply being affected is increasing due to tensions in the region and instability in sea routes, which could cause global price fluctuations. According to energy experts, the Strait of Hormuz is one of the world’s most important oil shipping lanes, through which a large amount of global oil passes, and any closure or delay could have serious consequences for the global economy.
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