Skip to content
Advertisement

100 million barrels lost every week Strait of Hormuz is shut, Saudi Aramco CEO says

Oil prices continued to climb on Tuesday, as US President Donald Trump said the ceasefire with Iran was "on massive life support". Meanwhile, the CEO of Saudi Aramco, the world's largest oil company, told analysts the closure of the Strait of Hormuz...

schedule 09:38 visibility 46 views
100 million barrels lost every week Strait of Hormuz is shut, Saudi Aramco CEO says
Source: France 24
Oil prices continued to climb on Tuesday, as US President Donald Trump said the ceasefire with Iran was "on massive life support". Meanwhile, the CEO of Saudi Aramco, the world's largest oil company, told analysts the closure of the Strait of Hormuz has generated a loss of 100 million barrels every week. Also in this edition: Trump wants to scrap the US federal gas tax to help consumers deal with the impact of the war in Iran.

newspaper

Originally published at

France 24

open_in_new Read Full Article

Related Articles

This is your laptop… on AI
Automotive

This is your laptop… on AI

We're now deep into developer conference season, and one of the themes so far is the relentless conviction from Big Tech companies that AI is going to change everything about how we do everything. Nvidia's Jensen Huang made that clearer than anyone...

The Verge

Read More