Global Energy Supply Faces Unprecedented Disruption Amid Hormuz Strait Blockage

Global energy supply tensions have intensified amid ongoing disruptions in the Hormuz Strait. According to Odaily, Saudi Aramco issued a strong warning in its latest financial report, highlighting the unprecedented scale of the current impact. CEO Amin Nasser stated in a Monday meeting that if the critical passage remains closed, global oil supply could decrease by approximately 100 million barrels per week. Since the onset of the conflict, the cumulative shortfall has reached about 1 billion barrels. While some losses have been mitigated through the release of strategic petroleum reserves and alternative transport routes, Nasser emphasized, "We are facing the largest energy supply shock in global history." The impact of this disruption is extending over a longer period. The Hormuz Strait previously handled about one-fifth of the world's oil and gas transport. If the reopening is delayed by several weeks, the market's supply-demand balance may not be restored until 2027. This disturbance is no longer limited to short-term fluctuations but poses a sustained pressure on the global supply system.