Aramco CEO Warns of Major Oil Shock Amid US-Israel-Iran Conflict and Hormuz Blockade

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

Aramco CEO Warns of Major Oil Shock as Hormuz Blocked; Iran-US Talks Off Agenda

Israeli PM Benjamin Netanyahu (Image: Reuters)

N

News18•10-03-2026, 15:42

Aramco CEO Warns of Major Oil Shock as Hormuz Blocked; Iran-US Talks Off Agenda

•Aramco CEO warns of a major oil shock if the Strait of Hormuz remains blocked, impacting 20% of global oil supply.
•Iranian Foreign Minister Abbas Araghchi states talks with the United States are no longer on Iran’s agenda.
•US President Trump declared the war "pretty much over" but threatened a "twenty times harder" response if Iran disrupts oil shipments.
•Trump discussed a "quick settlement" with Russian President Putin, while Russia pledged support to Iran's new supreme leader, Mojtaba Khamenei.
•Human Rights Watch accused Israel of using white phosphorus in southern Lebanon; global crude oil prices saw extreme volatility.

Read Full Article on News18 in English

✦

More like this

✦

More like this

Israel's Prime Minister Benjamin Netanyahu. File Image / AP

Netanyahu: Israel's Iran Campaign 'Not Over Yet'; Iran Claims 'Upper Hand'

Trump Warns Iran: Unprecedented Force if Attack Launched

Trump Warns Iran: Unprecedented Force if Attack Launched

Representational image (Image: News18)

Trump: Iran's Military 'Wiped Out' in Epic Fury; US Will Go Further If Needed

ईरान Hormuz Strait के कुछ ह‍िस्‍से को बंद कर रहा. (Reuters)

Iran's Hormuz Move: Global Economy at Risk, US Strategies May Fail

FILE PHOTO: A map showing the Strait of Hormuz and Iran is seen in this illustration taken June 22, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Iran Doesn't Control Strait of Hormuz, Says Israeli Envoy Azar Amid Escalating Tensions

Protesters supporting Iraqi Shi'ite armed groups demonstrate near the entrance of the Green Zone after the killing of Iran's Supreme Leader Ayatollah Ali Khamenei, in Baghdad. (Reuters)

Trump Warns Iran of 'Massive Retaliation' After Supreme Leader's Death