Mideast war caused world's 'largest energy shock': Saudi Aramco CEO

Middle East News
11-05-2026 | 09:56
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
print
Mideast war caused world's 'largest energy shock': Saudi Aramco CEO
Whatsapp
facebook
Twitter
Messenger
telegram
print
0min
Mideast war caused world's 'largest energy shock': Saudi Aramco CEO

The Middle East war triggered the world's largest energy shock, with market recovery likely to extend into 2027 even if the Hormuz blockade is lifted soon, Saudi oil giant Aramco's CEO told investors Monday.

"The energy supply shock that began in the first quarter is the largest the world has ever experienced," said Amin H. Nasser, adding: "If the Strait of Hormuz opens today, it will still take months for the market to rebalance, and if its opening is delayed by a few more weeks, then normalisation will last into 2027."

AFP

Middle East News

caused

world's

'largest

energy

shock':

Saudi

Aramco

LBCI Next
Trump says pressure on Iran will continue until deal is reached
Israel slams planned EU sanctions on settlers as 'arbitrary and political'
LBCI Previous

Related Articles

d-none hideMe
LBCI
Middle East News
2026-08-20

Yemen's Houthis say targeted Saudi airport, Aramco facility

LBCI
World News
2026-08-01

France's largest wildfire in decades 'under control'

LBCI
World News
2026-07-06

World must not let AI 'vibe-code' humanity's future: UN chief

LBCI
Middle East News
2026-06-24

Iran says deal to end Mideast war 'declaration of US defeat'

Recommended For You
d-none hideMe
LBCI
Middle East News
10:39

'Point of no return' if Israel-Hamas truce fails: US envoy to Gaza board

LBCI
Middle East News
09:30

Trump says believes that Iranian leader Khamenei still alive

LBCI
Middle East News
09:06

Reuters source: Final details still pending on Oman-Iran Hormuz deal

LBCI
Middle East News
08:55

Iran Guards say agreed with Oman to share revenues from Hormuz

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Lebanon News
2026-03-09

EU urges Israel to halt operations in Lebanon

LBCI
Lebanon News
2026-03-28

Berri condemns Israeli strikes that killed volunteers, soldiers, and journalists

LBCI
World News
2026-03-19

US and Israeli war aims in Iran are not the same, Gabbard says

LBCI
Lebanon News
2026-08-03

Sources: Riad Salameh transferred to hospital after prosecutor orders medical exams

Videos
d-none hideMe
LBCI
Lebanon News
2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

LBCI
Lebanon News
2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

LBCI
Lebanon News
2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

LBCI
Lebanon News
2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

LBCI
Lebanon News
2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

LBCI
Lebanon News
2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

LBCI
Lebanon News
2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

LBCI
Lebanon News
2026-06-19

Massive Israeli strikes hit South Lebanon under ceasefire conditions

LBCI
Lebanon News
2026-06-16

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More