Saudi Aramco CEO warns oil markets may not recover until 2027 due to Strait of Hormuz disruptions

The CEO of Saudi Aramco warned that oil markets may not recover until 2027 due to disruptions in the Strait of Hormuz. Saudi Arabia cut oil output in response to Iranian threats, and Aramco's East-West pipeline has become a critical supply artery. The global energy market is facing a severe shock, raising concerns about energy security.