Saudi Aramco CEO: Strait of Hormuz shut costs 100m bpd

By The BriefBrief

Saudi Aramco CEO said closing the Strait of Hormuz is costing 100 million barrels every week.

WHO: Saudi Aramco CEO

WHAT: Saudi Aramco CEO said the Strait of Hormuz closure is causing a weekly loss of 100 million barrels.

WHEN: May 12, 2026 at 5:38 AM ET

WHERE: Strait of Hormuz, Iran

WHY: The Strait of Hormuz has been shut.

How this story developed (showing 13 of 13 earlier reports)

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