According to Aramco CEO Amin Nasser, how long could the oil market's recovery be delayed due to Strait of Hormuz disruption, and what condition would push it into 2027?

Amin Nasser stated that the oil market's return to normal could be delayed until 2027 if the Strait of Hormuz disruption continues until mid-June; he emphasized that 'the longer the supply disruptions continue, even for another few more weeks, it is going to take a much longer time for the oil market to rebalance and stabilize.'

What is the current scale of oil export disruption through the Strait of Hormuz, as reported by Aramco's CEO?

Nasser said the market is losing around 100 million barrels of oil per week due to the disruption, with only two to five vessels crossing the strait daily—down from about 70 in normal times.

Strait of Hormuz Disruption Could Push Oil Market Recovery into 2027, Aramco CEO Says

May 11, 2026

Saudi Aramco CEO warns Strait of Hormuz disruptions could delay oil market recovery until 2027, citing weekly losses of 100 million barrels and strained export infrastructure.

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