Global Energy Crisis Deepens: Saudi Aramco Warns Oil Market Shock Could Last Until 2027
Last update: May 11, 2026
Disclaimer: This website may contain affiliate links, which means we may earn a commission if you click on the link and make a purchase. We only recommend products or services that we personally use and believe will add value to our readers. Your support is appreciated!
The world may be facing the biggest energy disruption in history. Saudi Aramco says even if the Strait of Hormuz reopens today, the global oil market could take until 2027 to fully recover — with billions of barrels already wiped from supply chains and crude prices surging past $100 per barrel.
Saudi Aramco CEO Amin H. Nasser revealed that the Middle East conflict has triggered an unprecedented global energy shock, describing it as “the largest the world has ever experienced.”
According to Nasser, nearly 880 million barrels of oil supply have already been lost due to the Strait of Hormuz blockade, with another 100 million barrels at risk for every additional week the disruption continues.
CBI News reports that despite efforts to ease the crisis through strategic petroleum reserves and Saudi Arabia’s East-West pipeline, global markets remain under pressure as geopolitical tensions between the US and Iran continue to escalate.
Aramco, however, posted a strong first-quarter 2026 profit surge of more than 25%, boosted by soaring oil prices amid the supply crunch.
#SaudiAramco #OilPrices #EnergyCrisis #MiddleEastConflict #StraitOfHormuz #GlobalEconomy #CrudeOil #Iran #SaudiArabia #OilMarket #EnergyNews #Geopolitics #BreakingNews #BusinessNews #WorldNews #CBINews
