# Saudi Aramco’s boss warned of a long disruption to oil markets from the near closure of the Strait of Hormuz.

*business · news · 2026-05-10 · Livemint*

## Key points

- Aramco warns global oil market could take until 2027 to normalize if Hormuz remains blocked.
- Aramco profits surged 26% in Q1, beating expectations, driven by higher crude prices and volumes.
- Aramco quickly redirected exports via the Yanbu port, but throughput remains below prewar levels.
- Some Aramco shipments are secretly transiting the Strait of Hormuz with ship transponders disabled.
- Aramco's free cash flow fell short of its dividend, with gearing ratio rising to 4.8% in Q1.

**Companies:** Saudi Aramco
**Countries:** Saudi Arabia, Iran, United States

[Read the full story on Livemint](https://www.livemint.com/companies/aramco-ceo-warns-of-long-oil-market-disruption-as-profit-jumps-11778438458261.html)

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