October 5, 2026

Saudi Aramco CEO Warns of Two-Year Oil Stockpile Replenishment

Nasser highlights that the U.S.-Iran war is disrupting oil shipping through the Strait of Hormuz.
He notes that nearly 3 billion barrels of oil supply have been lost since military strikes on Iran began.
The CEO states that the remaining 6 billion barrels in storage are not practically available, indicating a strained system.

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