Aramco warns of ‘catastrophic consequences’ for world oil markets as Iran vows to block all Gulf exports
DUBAI, March 10 — Saudi Arabia’s Aramco, the world’s top oil exporter, said on Tuesday that there would be “catastrophic consequences” for the world’s oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz.
The disruption has not only upended the shipping and insurance sectors but also promises to have drastic domino effects on aviation, agriculture, automotive and other industries, Aramco CEO Amin Nasser told reporters on an earnings call.
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banban 11/03/2026
In the first accident, a 21-year-old male driver lost control of his vehicle while travelling along Stamford Road.
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