Aramco CEO Amin Nasser says it will take months for the market to rebalance if the Strait of Hormuz opens today AFP reports.
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If the Strait of Hormuz opens today it will still take months for the market to rebalance he told investors in an event adding that if its opening is delayed by a few more weeks then normalisation will last into 2027.
Source and verification
The market assessment is attributed to Saudi Aramco chief executive Amin Nasser in remarks to investors reported by AFP. It is a company forecast, not a fixed recovery timetable.
Why it matters
Delays around Hormuz can affect oil supply, freight, insurance and consumer energy prices worldwide.
Last Updated on 2 weeks ago by The Voice of Ummah Editorial Team
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