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Aramco Sees 100 Million-Barrel Oil Loss Each Week Hormuz Is Shut

Bloomberg Markets · May 11, 2026, 1:51 PM · Also reported by 2 other sources

Global oil markets are losing 100 million barrels every week the Strait of Hormuz is shut, compounding a supply shortage that has already made the Middle East war the most significant supply disruption ever, according to the head of Saudi Arabia’s state oil producer.

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Aramco Sees 100 Million-Barrel Oil Loss Each Week Hormuz Is Shut

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