Saudi Aramco CEO Amin Nasser warns the Strait of Hormuz crisis could delay the oil market’s recovery until 2027. Persistent disruptions are straining supply chains and keeping prices jumpy, and even a partial reopening would not instantly rebalance global inventories and contracts. Nasser calls the shock the largest of its kind and expects prolonged volatility.
Saudi Aramco says it will stop LPG shipments from its Juaymah export facility next month, where February damage has kept repairs from finishing on time. That means no LPG exports through May, hitting buyers across Asia. India, which relies heavily on LPG for cooking, could feel the pressure as regional conflict already strains energy supplies.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
