LBCI

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

Middle East News

11-05-2026 | 09:56

Share

Share

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

Israel slams planned EU sanctions on settlers as 'arbitrary and political'

Previous

Recommended For You

Israel slams planned EU sanctions on settlers as 'arbitrary and political'

Middle East News

09:37

Israel slams planned EU sanctions on settlers as 'arbitrary and political'

World has weeks to avert 'humanitarian crisis' over Hormuz fertiliser blockade: UN official

Middle East News

08:59

World has weeks to avert 'humanitarian crisis' over Hormuz fertiliser blockade: UN official

Iron Dome nearly 99% effective against incoming missiles, maker Rafael's chairman says

Middle East News

07:00

Iron Dome nearly 99% effective against incoming missiles, maker Rafael's chairman says

EU agrees to restore fuller trade ties with Syria

Middle East News

06:12

EU agrees to restore fuller trade ties with Syria

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Israeli attacks since March 2 killed 2,659, wounded 8,183: Health Ministry

2026-05-02

Israeli attacks since March 2 killed 2,659, wounded 8,183: Health Ministry

UK PM vows to put 'Britain at the heart of Europe'

05:37

UK PM vows to put 'Britain at the heart of Europe'

Israeli army says interceptor missile launched toward surface-to-air missile fired from southern Lebanon

09:23

Israeli army says interceptor missile launched toward surface-to-air missile fired from southern Lebanon

White House press gala shooting suspect pleads not guilty

10:25

White House press gala shooting suspect pleads not guilty

Videos

Iran uses cluster bombs to target Israel: AiTelly explains what happens when a missile is intercepted—Video

2026-03-25

Iran uses cluster bombs to target Israel: AiTelly explains what happens when a missile is intercepted—Video

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

2026-03-08

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

Israeli airstrike targets Beirut’s southern suburbs: Video

2026-03-06

Israeli airstrike targets Beirut’s southern suburbs: Video

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

2026-03-05

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

2026-03-05

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

2026-03-02

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

2026-02-16

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

2026-02-14

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

2026-02-01

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

Most read

24 hours

7 days

Month

Netanyahu says Israel seeks peace with Lebanon, links Hezbollah’s future to fate of Iranian regime

1

Netanyahu says Israel seeks peace with Lebanon, links Hezbollah’s future to fate of Iranian regime

Israel maintains ‘very high’ alert ahead of direct talks with Lebanon

2

Israel maintains ‘very high’ alert ahead of direct talks with Lebanon

New impersonation case in Lebanon: How a fake Iraqi officer reached security figures

3

New impersonation case in Lebanon: How a fake Iraqi officer reached security figures

Lebanon seeks clearer path with Syria amid shifting regional dynamics

4

Lebanon seeks clearer path with Syria amid shifting regional dynamics

Israeli military issues evacuation warning for villages in southern Lebanon

5

Israeli military issues evacuation warning for villages in southern Lebanon

Israeli army issues evacuation warning for towns across southern Lebanon and western Bekaa

6

Israeli army issues evacuation warning for towns across southern Lebanon and western Bekaa

Lebanon urges pressure on Israel ahead of trilateral Washington meeting

7

Lebanon urges pressure on Israel ahead of trilateral Washington meeting

Macron says France 'never envisaged' sending warships into Strait of Hormuz

8

Macron says France 'never envisaged' sending warships into Strait of Hormuz

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