The oil market will take until 2027 to normalize if the disruption in the Strait of Hormuz persists beyond the middle of June, according to Amin Nasser, CEO of Saudi Aramco.
The warning comes as the world's largest oil company continues to monitor the situation in the critical shipping corridor, which handles nearly 20% of global oil flows.
The Strait of Hormuz has been a focal point of geopolitical tension, with recent developments in the Middle East exacerbating concerns over supply chain stability.
Nasser emphasized the need for a swift resolution to avoid prolonged market instability, noting that the current shortage of nearly one billion barrels is expected to worsen if the situation remains unresolved.
The ongoing disruption has already triggered a sharp drawdown in oil inventories, with market participants bracing for further volatility.
This has implications for global energy prices, particularly for Brent crude, which is closely watched as a benchmark for international oil trade.