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Aramco Warns of Oil Market ‘Catastrophe’ if Strait of Hormuz Remains Closed

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Oil Giant Issues Stark Warning

Saudi Aramco has warned that the global oil market could face “catastrophic consequences” if the conflict between Iran, Israel and the United States continues to disrupt shipping through the Strait of Hormuz.

The narrow waterway, one of the most critical energy routes in the world, has effectively been closed to most commercial shipping since US strikes on Iran began nearly two weeks ago.

The disruption has removed an estimated 20 million barrels of oil per day from the global market, raising concerns about supply shortages and economic fallout.

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Amin Nasser, chief executive of Saudi Aramco, described the situation as the most serious crisis the region’s oil and gas industry has faced.

“While we have faced disruptions in the past, this one by far is the biggest crisis the region’s oil and gas industry has faced,” he said.

Alternative Routes to Maintain Supplies

Despite the disruption, the Saudi state oil giant said it expects to continue supplying around 70% of its usual crude exports by rerouting shipments.

The company plans to send oil through its east-west pipeline across Saudi Arabia to the Red Sea port of Yanbu.

The pipeline can transport up to 7 million barrels of oil per day. According to Aramco, around 2 million barrels will be directed to domestic refineries in western Saudi Arabia, leaving roughly 5 million barrels available for export.

This would allow Saudi Arabia to maintain most of its global supply commitments, although still significantly below normal export levels.

Aramco has also begun drawing on oil reserves stored outside the Gulf region to help meet demand.

However, Nasser warned that these reserves could not be relied on indefinitely.

“They cannot be used for an extended period of time, but for the time being we are capitalising on it,” he said.

Vital Shipping Route Under Threat

Under normal conditions, roughly 100 oil tankers pass through the Strait of Hormuz each day, transporting crude oil and liquefied natural gas from major Gulf producers to global markets.

The waterway carries about one-fifth of the world’s oil supply.

But shipping traffic has dropped dramatically after Iran’s Islamic Revolutionary Guard Corps threatened to attack vessels using the route.

The group warned that ships travelling through the strait could be “set ablaze” if the conflict continues.

As a result, tanker traffic has dwindled to only a handful of ships per day, intensifying fears of a global energy shortage.

Oil Prices Volatile

Despite the supply concerns, oil prices eased slightly after comments by Donald Trump suggesting the war could end soon.

The price of Brent crude — the international oil benchmark — fell about 14% on Tuesday to around $85 per barrel.

Even with the drop, prices remain significantly higher than the roughly $72 per barrel recorded before the war began.

Earlier this week Brent crude briefly surged to $119 per barrel, its highest level since the period following Russia’s invasion of Ukraine in 2022.

Markets Show Signs of Relief

Financial markets reacted positively to the possibility of a quicker end to the conflict.

Stock indices across Europe and the United States staged a partial recovery after heavy losses earlier in the week.

In London, the FTSE 100 rose 1.6%, while Germany’s DAX climbed 2.4% and France’s CAC 40 gained 1.8%.

US markets also moved higher during afternoon trading on Wall Street.

However, analysts say the outlook for global energy markets remains highly uncertain as long as shipping through the Strait of Hormuz remains restricted.

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  Adapted by ASEAN Now · Source · 10.03 2026


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  • The control of Hormuz should be taken away from Iran permanently so that they can never hold the world hostage again.

  • Let me fix the for you... The control of ANYTHING should be taken away from the USA permanently so that they can never hold the world hostage again.

  • The IRGC small fast boats/minelayers are now being taken out. The USS George H W Bush carrier group will likely deploy to the straight. Trump has said the US will insure ships passing through. Not lon

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Despite the disruption, the Saudi state oil giant said it expects to continue supplying around 70% of its usual crude exports by rerouting shipments. It will supply 11% of the world's oil instead of 14%.

The Current energy crisis is in large part driven by emotions and manipulation. Yes, a disruption will inconvenience some countries. However, 80% of the world's LNG and 70% of its oil is sourced outside of the Middle east. Saudi Arabia produces 12% of the world's oil supply. That means that roughly 78% of the world's oil is still available.

The crisis can be managed. Unfortunately, we will see people panic and hoarding. China says it has a 7 month reserve of oil and gas This is why it is remaining restrained. The UK and some of the EU on the other hand is disorganized and in panic mode.

We are already seeing hoarding in Thailand. I've seen guys with large bottles at petrol stations and another guy filling 55 gallon drums on his pickup truck.

I do think Thailand will have shortages and possibly rolling backouts too and clearly people are preparing for the former.

  • Popular Post

The control of Hormuz should be taken away from Iran permanently so that they can never hold the world hostage again.

  • Popular Post

The IRGC small fast boats/minelayers are now being taken out. The USS George H W Bush carrier group will likely deploy to the straight. Trump has said the US will insure ships passing through. Not long now before the straight is fully open.

  • Popular Post

Three vessels have been hit in the Strait of Hormuz in just 24 hours as Donald Trump was locked in war against Iran, which is seeking to choke off use of the waterway vital for global oil supplies.

In the latest incident, the crew of a cargo ship were forced to evacuate the vessel off the UAE after it was hit by an unknown ⁠projectile, according to the United ‌Kingdom Maritime Trade Operations.

“There have been three vessels hit in the last 24 hours, a bulk carrier, a container vessel and a cargo vessel in the Strait of Hormuz,” Peter Aylott, director of policy at UK Chamber of Shipping told Times Radio.

He stressed that the “indiscriminate” attacks by Iranian forces meant around 1,000 vessels were now stuck in the Gulf, including 80 to 90 with British interests.

Three cargo ships hit as Iran battles the US in Strait of Hormuz amid fresh Middle East airstrikes | The Standard

  • Popular Post
37 minutes ago, koolkarl said:

The control of Hormuz should be taken away from Iran permanently so that they can never hold the world hostage again.

Or simply go for alternative energy. Really that simple.

  • Popular Post
1 hour ago, dinsdale said:

The USS George H W Bush carrier group will likely deploy to the straight.

No chance will a CSG, or any major warship, go anywhere the Straits!

They will stay at effective striking range of their predetermined targets etc!

2 minutes ago, scottiejohn said:

No chance will a CSG, or any major warship, go anywhere the Straits!

They will stay at effective striking range of their predetermined targets etc!

You're probably right about the carrier which may end up in the Arabian Sea but possibly a support vessel or two will head into the strait. Guess we'll have to wait and see.

Good for Iran. And, jeez, those Arabs, two faces with a tiny brain in between.

Take out their oil and desalination plants and they'll get back on their camels and ride off to exactly where they were a couple of centuries ago.

  • Popular Post
Just now, dinsdale said:

You're probably right about the carrier which may end up in the Arabian Sea but possibly a support vessel or two will head into the strait. Guess we'll have to wait and see.

You have that back to front!

Support vessels stay even further away from the danger zone than the operational ships!

When the CSG needs refuelling etc it retires to the supply ships, they do not come to the CSG. When operational the CSG can operate at max speed but when doing a RAS they are limited to the speed of the slowest supply ship!

  • Popular Post
2 minutes ago, dinsdale said:

You're probably right about the carrier which may end up in the Arabian Sea but possibly a support vessel or two will head into the strait.

No they won't. The Strait of Hormuz is about 30 miles wide. Iranians can take out enemy ships with land based artillery and short range ballistics. There'll be no navy-to-navy battles.

2 hours ago, dinsdale said:

The IRGC small fast boats/minelayers are now being taken out. The USS George H W Bush carrier group will likely deploy to the straight. Trump has said the US will insure ships passing through. Not long now before the straight is fully open.


They have been escorting tankers and yesterday a comercial tanker went through un escorted.

The article is BS, its not an issue for anyone except those that were buying oil from them.

6 minutes ago, Autocan said:

Take out their oil and desalination plants and they'll get back on their camels and ride off to exactly where they were a couple of centuries ago.

Attacking critical civilian infrastructure like desalination plants is a war crime. Nobody will be doing that.

  • Popular Post
2 hours ago, koolkarl said:

The control of Hormuz should be taken away from Iran permanently so that they can never hold the world hostage again.

Let me fix the for you...

The control of ANYTHING should be taken away from the USA permanently so that they can never hold the world hostage again.

1 minute ago, Autocan said:

No they won't. The Strait of Hormuz is about 30 miles wide. Iranians can take out enemy ships with land based artillery and short range ballistics. There'll be no navy-to-navy battles.


You have no idea what you're talking about. Americas Navy sails that often, I was there when they had the American hostages

No Navy to Navy because 43 of their navy is sunk. They have 2 subs and some fast attack boats left, thats it.

4 minutes ago, Slowhand225 said:


They have been escorting tankers and yesterday a comercial tanker went through un escorted.

The article is BS, its not an issue for anyone except those that were buying oil from them.

It has been reported that 7 vessels have passed through the straits since March 8 and 5 were linked to Iranian shipping. The other 2 were likely be China tankers which were allowed to pass by Iran. Heard that India is also negotiating for safe passage.

6 minutes ago, Slowhand225 said:


You have no idea what you're talking about. Americas Navy sails that often, I was there when they had the American hostages

No Navy to Navy because 43 of their navy is sunk. They have 2 subs and some fast attack boats left, thats it.

What the heck does your response have to do with Iran's ability to hit the entire straight from ground batteries?

5 minutes ago, Slowhand225 said:

You have no idea what you're talking about. Americas Navy sails that often, I was there when they had the American hostages

You were there more than 40 years ago, old man. Things have changed.

5 minutes ago, Slowhand225 said:

No Navy to Navy because 43 of their navy is sunk. They have 2 subs and some fast attack boats left, thats it.

Like I said, old man, land based artillery will cover all of the Strait from the Iranian side. Nothing's going through now other than Iranian-approved shipping.

And the insurance companies won't touch the Persian Gulf which basically stops shipping faster than gunboats.

  • Popular Post

Just another example of Trump making America affordable and bringing down the cost of goods, while doing his very best to fight inflation.

It was a campaign promise after all though it was a long time ago I've seem to remember him referring to Biden as the inflation president. That term will now have to be used to describe Trump.

  • Popular Post
2 hours ago, koolkarl said:

The control of Hormuz should be taken away from Iran permanently so that they can never hold the world hostage again.

Okay mate, load up your gun and go and do it.

  • Popular Post
6 minutes ago, spidermike007 said:

It was a campaign promise after all though it was a long time ago I've seem to remember him referring to Biden as the inflation president.

He also promised not to start any wars. Which almost sounds funny now.

Trouble is the Zionist billionaires have him by the balls. Not that he is an unwilling stooge. And it doesn't help that he's 100 years old and not particularly bright.

2 hours ago, dinsdale said:

The IRGC small fast boats/minelayers are now being taken out. The USS George H W Bush carrier group will likely deploy to the straight. Trump has said the US will insure ships passing through. Not long now before the straight is fully open.

keep dreaming, latest news the IRGC has been laying mines one after another, not a US vessel in its vicinity

3 minutes ago, Mavideol said:

keep dreaming, latest news the IRGC has been laying mines one after another, not a US vessel in its vicinity

I'd like to see that news. CNN by any chance.

Surprised there aren't more lefties praising Trump for reducing the world oil usage. Seems they don't believe in net zero and the dangers of CO2 after all.

3 minutes ago, BritManToo said:

Surprised there aren't more lefties praising Trump for reducing the world oil usage. Seems they don't believe in net zero and the dangers of CO2 after all.

Oh, you cynic.

5 minutes ago, BritManToo said:

Surprised there aren't more lefties praising Trump for reducing the world oil usage. Seems they don't believe in net zero and the dangers of CO2 after all.

Be a great time for Europe to take the measures they have always screeched are necessary. A world without oil is their goal.

  • Popular Post
52 minutes ago, JBChiangRai said:

Attacking critical civilian infrastructure like desalination plants is a war crime. Nobody will be doing that.

Israel will.

2 hours ago, Slowhand225 said:

You have no idea what you're talking about.

You have no idea what you're talking about!

.

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