Aramco CEO Warns of Major Oil Shock
The CEO of Aramco stated that closing the Strait of Hormuz would represent the biggest oil shock in history. He added that they have multiple alternatives for exporting oil in the event of any disruption to the strait. These remarks come as a warning about the potential threat to the security of global oil supplies, and he pointed out that the company is prepared to handle any possible disturbances in the region.
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