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The CEO of Saudi Aramco has withdrawn from the CERAWeek international energy conference in the US, reportedly remaining in Saudi Arabia due to the ongoing Iran conflict, the growing oil crisis, and challenges posed by Strait of Hormuz tensions, with Reuters confirming the cancellation through a source.
Amin Nasser, CEO of Saudi Aramco, has withdrawn from a major international energy conference, including CERAWeek in Houston, with sources indicating his absence is due to the ongoing Iran conflict and the challenges it poses, requiring him to remain in Saudi Arabia.
The head of Saudi Aramco, Amin Nasser, has warned that prolonged disruptions to shipping through the Strait of Hormuz could lead to 'catastrophic consequences' for global oil markets, echoing previous warnings from the world's largest oil producer.