Blockade in the Strait of Hormuz reduces maritime transport, pressures global stocks, and removes about 1 billion barrels from the market in two months
The world has lost about 1 billion barrels of oil in two months, while the Strait of Hormuz remains blocked, pressuring prices, maritime transport, and global energy stocks, Saudi Aramco said on Sunday (10). The article’s information is from CNN.
Strait of Hormuz Blockade Maintains Pressure on Energy
Disruptions in maritime transport continue to impede traffic through the Strait of Hormuz, a route affected by the blockade imposed by Iran after the start of the conflict in the Middle East. The situation has reduced maritime transport and raised prices.
Saudi Aramco CEO Amin Nasser stated that energy markets will still take some time to stabilize, even if flows are resumed. The assessment was made after the company’s results were released.
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“Our goal is simple: to keep energy flowing, even when the system is under strain,” Amin Nasser told Reuters in a statement.
Aramco reported a 25% jump in first-quarter net profit. Following the results, Nasser told Reuters in a statement that the company’s objective is to maintain the flow of energy even under strain.
Loss of 1 Billion Barrels of Oil
Nasser emphasized that reopening routes does not immediately normalize a market that has been deprived of about 1 billion barrels of oil. The lost volume reinforces the scale of the crisis.
“Reopening routes is not the same as normalizing a market that has been deprived of about one billion barrels of oil,” Nasser highlighted, adding that years of underinvestment have exacerbated pressure on already low global stocks.
Pressure on global energy supplies has been exacerbated by years of underinvestment, Nasser cited. This scenario further weighed on global stocks, already described as low at a time of tension.
The blockade in the Strait of Hormuz has become the main point of impact on maritime transport, as it restricted flows and increased instability in energy markets.
Pipeline Becomes Alternative Route
To bypass the Strait of Hormuz, Aramco used the East-West pipeline, directing crude oil to the Red Sea.
Nasser described this asset as a vital lifeline to reduce the global supply crisis.
The measure allowed the company to change transport routes and maintain part of the oil flow. The strategy appears as a direct response to the difficulty of maritime passage caused by disruptions in the region.
Asia Remains a Priority
Even with changes in routes, Nasser reiterated that Asia remains a priority for Saudi Aramco. The region was also highlighted as essential for global demand.
The statement reinforces that the company remains focused on Asian markets, while trying to preserve supply amid the blockade and pressure on global energy supplies.
With information from CNN.

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