Saudi Aramco's CEO, Amin Nasser, has issued a stark warning regarding the potential consequences of the ongoing conflict between the US, Israel, and Iran. He emphasized that if this war continues for an extended period, it could lead to catastrophic impacts on the global oil market. Nasser highlighted that the instability has already caused oil reserves worldwide to drop to their lowest levels in five years due to supply disruptions, despite the company's efforts to meet customer demands.

Nasser elaborated that if the geopolitical crisis persists and further disrupts oil supply, the situation could exacerbate the shortage of oil reserves. He pointed out that not only would this severely affect the global oil market, but it could also pose substantial risks to the global economy. The interconnectedness of oil supplies and economic stability means that ongoing conflicts in key production areas can have widespread repercussions.

The strategic importance of the Strait of Hormuz was another critical point made by Nasser, as it is one of the world's most crucial maritime routes through which a significant portion of global oil and natural gas passes. With a large part of additional oil production capacity located in this region, any obstruction to the movement of ships could have serious implications for oil supply and consequently for the global economy.