Saudi Aramco CEO Nasser said that with the exception of the refining business, the current trade flow through the Strait of Hormuz is only one-tenth of the pre-conflict level; if the Strait of Hormuz continues to close, the world will continue to lose more than 100 million barrels of oil every week.

Saudi Aramco CEO Nasser said that with the exception of the refining business, the current trade flow through the Strait of Hormuz is only one-tenth of the pre-conflict level; if the Strait of Hormuz continues to close, the world will continue to lose more than 100 million barrels of oil every week.