"There will be disastrous consequences to the global oil market. The longer the interruption, the more serious the consequences with the world economy", Saudi Saudi Aramco Aminza replied to the press during the business release on 10 March.
Oil ships are almost impossible to cross this maritime line. The Iranian Revolutionary Islamic Guard claimed to allow no "a liter of oil" to leave the Middle East if the US and Israel continue to attack. Prior to the conflict, about 20% of global oil was transported through the Hormuz Channel every day.
"Despite we've been through a lot of interruptions, this is the [surprising] [htpts/htvnexpress.net/xt-dot-dot-talm-am-dut-dung-dau-lon-lit-such-su-sub-sub-su-sub-sub-sub-sp.net-dot-dot-dot-t-am-am-am-dut] largest oil industry in the area has ever seen", p.
He said that the crisis upsets the area of shipping, insurance, and can produce large chain effects with airlines, agriculture, cars, and many others.
Get out! PDF shows smoke rising from Saudi Aramco's oil refinery on two-thirds. Image: Vantor
- Satellite Carpenter shows smoke rising from Saudi Aramco's refinery on two-thirds. Image:Vantor*
According to the calculations of the Rapidan Energy Energy Advisory, the Middle East conflict caused major global oil stuck at the Hormón Channel, pushing the world into a state [to the record source][citation needed][citation needed][citation needed][citation needed].net/dung-dot-dot-am-du-dou-dou-lit-lit-su/204873838.1.1.1.487. The company stated that the interruption of the Hormuz Channel due to the Middle East conflict affected nearly three times as much as the 1973 Arab oil embargo, which interrupted about 7% of the global supply.
Brent Oil Price on 9/3 had the time to go up close to $120 a barrel - the highest four years. Today the price dropped around 90 dollars, after US President Donald Trump said the war could be over soon. Trump also warns the US to respond more strongly to Iran if the country blocks oil exports from the Middle East. He also stated that the U.S. Navy could escort ships in the Persian Gulf, however the possibility of doing so is unclear.
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Consuelo states that global oil reserves are currently at the lowest level of five years and that the crisis may cause this reserves to decrease faster. He emphasized the importance of restoring the maritime line through the Hormuz Channel.
Aramco does not export oil from the Gulf Area, as the ship cannot enter the shipment here. The company, however, says that it still meets most of the customers' needs.
They're using the East-West pipeline to transport Arab Light and Arab Extra Light oils to Yanbu Harbor on the Red Sea, according to Navarre, the pipeline is expected to reach a maximum capacity of 7 million barrels a day in the next few days when the customer moves the direction. In addition, Aramco was able to transfer part of its crude oil production to serving water needs.
Last week, Ras Tanura - Aramco's largest refinery plant in the country - occurred a small fire due to attack. However, Navarre says the fire was quickly extinguished and controlled. The plant is in the process of rebooting.
During the meeting, Aramco announced the 2025 profit by 2025 to drop 12% to 93.4 billion, mainly due to the price of crude oil. The company also announced plans to buy a maximum of $3 billion in stocks. This is the first time they've done this.
Teau Thu * (subscripting Reuters)
[! [Tomber with his plan to re-open the Hormov Channel of Hormov](data:image/gif;base64,R0lGODlAQAAAAACH5BAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAACAAAAAACEATATATATATATAEEAEAEAEEAEEAEAEAEEAEAEEAEAEEAEAEAEEAEAEEAEAEAEAEAEEAAEAEAEAEAEAEAEAEEAEAEEAEAEAEEAEAEEAEAEAEAEEAEAEAEAEEAEAEAEAEAEAEAEAEAEAEAEAEAEAEAEAEAEEAEAEAEAEAEAEAEAEAEAE
#[citation with his plan to reopen the Hormov Channel] (httts ://nvexpress.net/tharch-tarch-tech-voi-kach-mach-mo-lai-bien-horh-song-ong-trump-5048089.htm)
[The enemy is concerned about safety, shipping companies fear damaged ships, while the U.S. Navy's suspicions do not have enough resources to escort the ship through Hormuz.][httts ://nvexpress.net/tharch-tarch-volch-hoch-mach-o-lai-bien-hor-hor-hyuk-ong-trump-504808989) [3] (htttts ://nvexpress.net/tharch-tarch-thu-tch-tch-von-ke-ach-kach-mo-lai-bien-horum-ong-ong-trump-5048089.html#box comment vne)
[! [ The countries suffered the most when Iran closed the Strait Hormber](data:image/gif;base64,R0lGODlAABAAAAAAABAAAAAAAAAAAAAAAAAAAAAAAAAACAACAEAAEAEAEAEAEAEAEAEAEAEAEAEAEAAEAAAEAAEAEAEAAAAAEAAAAEAEAAAAAAEEAEAAAAEEEEAAEAEAAEAEAEAEEEEAEEAEAEEEAEAEAEAEEAEAEAEAEAEEAEEEAEAEAEAEEAEEAEAEAEAEAEAEAEAEAEAEEEEAEEEEEAEEEEEEEEAEAEEEAEA
[Hormum closes will be a trial with the energy security of the national series depending on oil imports, gasses such as China or India.][htpts ://nvexpress.net/nng-nin-nng-thit-thi-dong-mnh-mnh-iran-dong-dong-e-e-bien-horh-hor/hmmnh-hmnhmnh.14545457.h.htmlz)
[! Global transport is interrupted by hundreds of ships stuck in the Hormuz Straits]]]]]]]]]]]]]]]]]]]]]]]]]]][/van-port/van-port-port/van-port-port-port-port
#[citation needed]
[Integration caused more than 10% of the global container ships stuck in Hormuz Channel, many damaged oil ships and companies refusing insurance for transportation through here.][httsptspnvvexpress.net/van-tai-toan-can-doan-dogan-hang-tang-tam-tau-ket-o-e-bien-horhhol/204601414.html