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Saudi Aramco CEO: Hormuz disruption could keep oil market off balance into 2027

Saudi Aramco CEO Amin Nasser told investors on the company's Q1 earnings call that the global oil market may not return to normal until 2027 if the Strait of Hormuz remains closed beyond mid-June. Nasser said even an immediate reopening would still leave the market needing months to rebalance, describing the disruption as structural rather than temporary. The comments suggest the world's largest oil producer is factoring in a supply shock that could extend for multiple quarters.
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