Aramco Sees Oil Market Losing 100 Million Barrels a Week if Hormuz Remains Closed
Corroborated by 4 sources from 4 publishers
TL;DR
Reports differ across sources; according to finance.yahoo.com, aramco CEO Amin Nasser warned that global oil supplies have declined by an estimated one billion barrels over the past two months as shipping disruptions through the Strait of Hormuz continue to restrict flows.
Sources
1
Yahoo Finance News
https://finance.yahoo.com/sectors/energy/articles/aramco-q1-income-rises-25-091448495.html
2
MarketWatch Top Stories
https://www.marketwatch.com/story/oil-market-wont-return-to-normal-this-year-if-iran-conflict-isnt-solved-within-weeks-aramco-ceo-says-085513ca?mod=mw_rss_topstories
3
Bloomberg Markets
https://www.bloomberg.com/news/articles/2026-05-11/aramco-sees-100-million-barrel-oil-loss-each-week-hormuz-is-shut
4
Dow Jones U.S. Business
https://www.wsj.com/business/energy-oil/aramco-sees-oil-market-losing-100-million-barrels-a-week-if-hormuz-remains-closed-6d5039e1?mod=pls_whats_news_us_business_f
5
Bloomberg Markets
https://www.bloomberg.com/news/articles/2026-05-11/oil-tanker-that-exited-hormuz-comes-to-a-halt-in-gulf-of-oman