'catastrophic consequences'

Aramco CEO sounds alarm on impact of Iran conflict for oil

To protect its oil tankers, Aramco has stopped loading crude from Gulf terminals and is sending shipments by pipeline to the Red Sea port of Yanbu

Stefani Reynolds / Bloomberg via Getty Images

Saudi Aramco CEO Amin Nasser

Saudi Aramco CEO Amin Nasser warned that the global energy industry is headed for disaster if conflict with Iran continues and the Strait of Hormuz is shut down.

“There would be catastrophic consequences for the world’s oil markets,”...