Saudi Aramco issues stern warning, oil market recovery may be delayed until 2027 Odaily Planet Daily News: As the Strait of Hormuz continues to be blocked, the tension in global energy supply has further intensified. Saudi Aramco issued a strong warning in its latest financial report communication, stating that the current scale of the impact has reached an unprecedented level. CEO Amin Nasser stated at Monday's meeting that if this critical waterway continues to close, the global supply of crude oil could decrease by approximately 100 million barrels per week. Since the outbreak of this round of conflict, the cumulative shortfall has reached about 1 billion barrels. Although some losses have been mitigated through the release of strategic oil reserves and alternative transportation routes, Nasser emphasized that "we are facing the largest energy supply shock in global history." The impact of this shock is extending into longer cycles. The Strait of Hormuz was originally responsible for about one-fifth of global oil and gas transportation. If the recovery time is further delayed for several weeks, the repair of market supply and demand relations may be forced to be postponed until 2027. The disturbance caused by this is no longer limited to short-term fluctuations, but poses sustained pressure on the global supply system. (Golden Ten)