Investment
Features
FeesSafety
Academy
More
Pluang+

Oil market disruption from Strait of Hormuz may last until 2027, warns Saudi Aramco CEO.

Market News
11 May 2026
CNBC
View Source
Bearish
pluang ai news

Saudi Aramco CEO Amin Nasser warned that if the disruption in the Strait of Hormuz continues past mid-June, the oil market will not normalize until 2027. The closure has severely impacted global oil supply chains, with over 600 tankers stuck and a weekly loss of 100 million barrels of supply. Despite alternative routes like Saudi Arabia's East-West pipeline, the market faces critical supply shortages, especially for gasoline and jet fuel, ahead of peak summer demand. The ongoing conflict between the U.S. and Iran shows no immediate resolution, prolonging the energy supply shock.

More News

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...

Market News
Bullish
2 hours ago
Hi-View Resources launches 2026 exploration program in British Columbia's Toodoggone Mining District

Hi-View Resources launches 2026 exploration program in British Columbia's Toodoggone Mining District

Hi-View Resources Inc. has started its 2026 exploration program in the Toodoggone Mining District, British Columbia, focusing on porphyry targets at key sites like Lawyer’s East, Borealis, and Golden Stranger. The program includes 50 line kilometres ...

Company Fundamentals
Bullish
4 hours ago
USPTO launches AI-assisted image search for trademarks with Clarivate's technology

USPTO launches AI-assisted image search for trademarks with Clarivate's technology

The U.S. Patent and Trademark Office (USPTO) has introduced an AI-assisted image search feature in its public trademark search system, TM Search, using technology from Clarivate Plc. This new tool allows users to upload images and compare them agains...

Market News
Bullish
4 hours ago
AIB Data Centers seen as speculative buy with $3.50 target, hinging on securing key lease to unlock value.

AIB Data Centers seen as speculative buy with $3.50 target, hinging on securing key lease to unlock value.

AIB Data Centers Inc. is considered a speculative buy with a $3.50 price target based on its 65 MW energized capacity. The investment case depends heavily on securing a single anchor lease at its CLT-01 facility, which would validate its business mod...

Analyst Insights
Bullish
4 hours ago
Experian reports 10% Q1 revenue growth, maintains full-year outlook for 2027

Experian reports 10% Q1 revenue growth, maintains full-year outlook for 2027

Experian PLC started its 2027 financial year with a 10% revenue increase in the first quarter, driven by strong demand in North America and Latin America. Organic growth was 7%, with North America growing 7% despite a 2% drop in consumer services due...

Company Fundamentals
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App