{
    "success": true,
    "data": {
        "id": 1733402,
        "msgid": "saudi-aramco-global-oil-crisis-could-last-until-2027-if-strait-of-hormuz-remains-closed-1778567922",
        "date": "2026-05-12 11:43:41",
        "title": "Saudi Aramco: Global Oil Crisis Could Last Until 2027 If Strait of Hormuz Remains Closed",
        "author": "Friska Yolandha",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Energy",
        "summary": "Saudi Aramco warns that the global oil market may not stabilise until next year unless shipping traffic through the Strait of Hormuz resumes within a month, with prolonged disruptions potentially extending the crisis to 2027 if the closure persists beyond mid-June. The company highlights that the market has already lost one billion barrels due to halted production and transport, and continues to lose 100 million barrels weekly while the strait is closed. This situation stems from attacks on oil-producing nations in the Persian Gulf and Iran's effective blockade of the strait, which handles one-fifth of the world's oil and gas supply, drastically reducing daily oil flows from 20 million barrels pre-conflict.",
        "content": "<p>REPUBLIKA.CO.ID, JAKARTA \u2014 The global oil market is expected not to\nreturn to normal until next year unless shipping traffic in the Strait\nof Hormuz resumes operations within one month. This was stated by Saudi\nAramco, the world\u2019s largest state-owned energy company in Saudi Arabia.\n\u201cThe longer the supply disruption continues, even for just a few\nadditional weeks, the much longer it will take for the oil market to\nrebalance and stabilise,\u201d said Saudi Aramco CEO Amin Nasser in a video\nconference discussing the company\u2019s first-quarter results. He added that\nthis crisis could last until 2027 if the deadlock in the Strait of\nHormuz persists until mid-June. A market that has already lost one\nbillion barrels of oil due to disrupted production or transportation\nwill continue to lose around 100 million barrels of oil every week as\nlong as the strait remains closed, he said. Nasser also reminded that\npreviously, around 70 ships crossed the Strait of Hormuz per day.\nAttacks on oil-producing countries in the Persian Gulf, as well as the\neffective closure of the strait by Iran\u2014a route that carries one-fifth\nof the world\u2019s oil and gas supply\u2014have had a negative impact on\nproduction and export activities in the oil and gas sector. Before the\nconflict erupted on 28 February, around 20 million barrels of oil per\nday entered the market through this waterway.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/saudi-aramco-global-oil-crisis-could-last-until-2027-if-strait-of-hormuz-remains-closed-1778567922",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}