# Saudi Aramco warns of a long disruption to oil markets from the near closure of the Strait of Hormuz.

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

## Key points

- Aramco warns oil market may only normalize in 2027 if Hormuz disruption lasts weeks.
- Aramco redirected exports via the East-West pipeline to Yanbu, but volumes remain below prewar levels.
- Some Aramco shipments recently moved through Hormuz with ship transponders off to avoid detection.
- Aramco's quarterly free cash flow of $18.6 billion fell short of its $21.9 billion dividend payout.
- Aramco's gearing ratio increased to 4.8% this quarter from 3.8% at end of 2025.

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

[Read the full story on Moneycontrol](https://www.moneycontrol.com/world/saudi-aramco-ceo-warns-of-long-oil-market-disruption-as-profit-jumps-article-13914149.html)

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