Source: Reuters (via feed)
Saudi Arabia’s Aramco said on Tuesday that there would be “catastrophic consequences” for the world’s oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz. The statement was made amid concerns about the impact of ongoing conflict on maritime routes. Aramco referred specifically to disruptions linked to the Iran war affecting the Strait of Hormuz. The company highlighted the potential severity of continued interference with shipping in that area.
BizTrendWire Insight:
Aramco publicly linked regional conflict to potential major impacts on oil markets due to shipping disruptions.
Aramco publicly linked regional conflict to potential major impacts on oil markets due to shipping disruptions.
