# West Asia war triggered the world's largest energy shock, says Saudi oil giant Aramco.

*business · news · 2026-05-11 · The New Indian Express*

## Key points

- Aramco's CEO stated the current West Asia conflict triggered the largest ever global energy supply shock.
- Normalization of oil markets could extend into 2027 even if the Strait of Hormuz reopens soon.
- The market has lost about 880 million barrels of oil, nearly a billion, due to the blockade.
- Saudi Arabia's East-West pipeline operated at full 7 million barrels per day to partially offset supply losses.
- US-Iran negotiations have failed to resolve the Hormuz crisis, prolonging disruption risks to energy infrastructure.

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

[Read the full story on The New Indian Express](https://www.newindianexpress.com/business/2026/May/11/worlds-largest-energy-shock-may-affect-markets-into-2027-saudi-aramco-ceo)

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