Aramco Warns Oil Market Pressure Will Mount Until Hormuz Reopens

Saudi Aramco Chief Executive Amin Nasser warned that pressure on oil markets would intensify until the Strait of Hormuz reopens, pointing to concerns over global oil inventories.

Nasser said tensions surrounding the strait and its continued closure were affecting worldwide oil stock levels. His warning highlighted the consequences of a prolonged disruption.

The Aramco chief described inventory levels as worrying, linking the outlook for the oil market to the reopening of the passage.

His remarks underscored the strain on oil supplies as the closure continues, with the duration of the disruption central to concerns about further market pressure.