Aramco warns the global oil market could lose 100 million barrels per week if the Strait of Hormuz remains closed. The assessment highlights the potential supply impact of continued transit disruptions in the critical waterway.

Iran has not yet allowed a tanker carrying UAE LPG to pass through the Strait of Hormuz, according to Tasnim. The vessel remains blocked from transit in the critical waterway.

Iran has not yet permitted a tanker carrying LPG from the United Arab Emirates to transit through the Strait of Hormuz, according to the Tasnim news agency.

Indonesia expects to begin importing Russian crude oil within two weeks, according to EnergyBahlil Lahadalia. The move is part of a strategy to diversify energy supply sources and strengthen national energy security.

Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia announced that the country expects to begin importing crude oil from Russia within the next two weeks, following the finalization of shipping arrangements.

Aramco CEO warns global oil markets will not return to normal this year if the conflict involving Iran remains unresolved within the coming weeks.

Aramco CEO Amin Nasser stated that global oil markets will not stabilize this year if the conflict involving Iran is not resolved within the coming weeks.

Saudi Aramco CEO Amin Nasser says the company can reach its maximum sustainable oil production capacity of 12 million barrels per day within three weeks if needed.

Saudi Aramco CEO Amin Nasser stated that the company can reach its maximum sustainable oil production capacity of 12 million barrels per day within three weeks if required.