According to Aramco’s CEO, how long would it take for the oil market to rebalance if the Strait of Hormuz reopened immediately—and what is the projected timeline if disruptions continue beyond a few weeks?

Aramco CEO Amin Nasser stated that 'if trade flows resume immediately or today through the Strait of Hormuz, it will take a few months for the oil market to rebalance.' He added that if 'trade and shipping remain curtailed by more than a few weeks from today, we anticipate the supply disruption to persist, and the market to normalize only in 2027.'

What condition does the US proposal require from Iran, and what corresponding action would the US take under that plan?

The US proposal stipulates that Iran must 'permit passage through the crucial waterway' (the Strait of Hormuz), and in return, Washington would 'end its blockade on Iranian ports in the next month.'

US Awaits Iran Reply as Aramco Says Hormuz Opening No Quick Fix

May 10, 2026

Saudi Aramco warns that even if the Strait of Hormuz reopens immediately, oil markets may take months to normalize due to ongoing US-Iran hostilities. Brent crude settled near $101 per barrel as supply disruptions continue to pressure global energy markets.

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