Saudi Aramco Chief Warns of Extended Global Energy Shock from Iran War

The Saudi Aramco chief warned that a global energy shock stemming from the Iran war could persist until 2027, following a rise in profits fueled by higher oil prices due to blocked exports in the Strait of Hormuz.

11 May, 18:21 — 11 May, 18:21

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ndtvMostly Factual112d ago

Global Energy Shock From Iran War May Extend Till 2027: Saudi Aramco Chief

A day earlier, Aramco had announced a net profit rise of more than 25 per cent in the first quarter of 2026 compared to the same period last year, fuelled by higher oil prices as exports remain blocked in the Strait of Hormuz.

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Saudi Aramco Chief Warns of Extended Global Energy Shock from Iran War

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Global Energy Shock From Iran War May Extend Till 2027: Saudi Aramco Chief

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