### [2026-05-11](/feed/2026/05/11/index.md)

##### Economic impact of the 2026 Iran war
# Saudi Aramco CEO Amin Nasser says that the oil market will not normalize until 2027 if the Strait of Hormuz remains closed beyond mid-June. 




### Sources:

1. [CNBC](https://www.cnbc.com/2026/05/11/saudi-aramco-oil-iran-war-strait-hormuz.html)

### Related:

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4. [The Pakistani energy ministry announces daily power outages of about two hours during evening peak demand periods throughout the country, except in Hyderabad and Karachi, to reduce fuel costs and limit tariff increases amid higher energy prices linked to disruptions in the Strait of Hormuz. ](/feed/2026/04/14/the-pakistani-energy-ministry-announces-daily-power-outages-of-about-two-hours-during-evening-peak-demand-periods-throug.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz, closed_
5. [Danish shipping company Maersk says that they will take a "cautious approach" for vessels to cross the Strait of Hormuz despite the ceasefire and says that they have not provided security certainty as to when normal operations would resume. ](/feed/2026/04/8/danish-shipping-company-maersk-says-that-they-will-take-a-cautious-approach-for-vessels-to-cross-the-strait-of-hormuz.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
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