Saudi Aramco CEO: Middle East Crisis Aggravating Biggest Supply Shock
Amin Nasser says ongoing Middle East tensions are worsening the largest supply disruption on record during Tuesday's European session.
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Saudi Aramco CEO Amin Nasser stated during European trading hours on Tuesday that the current Middle East crisis is aggravating what he called the biggest supply shock in history.
The remarks highlight mounting concern over the region's ability to maintain stable oil exports amid persistent geopolitical unrest. Nasser did not provide specific data, but the comparison to a historic supply shock signals alarm from the state oil giant.
Source: FXStreet Forex News