Saudi Arabia’s state oil company has warned of “catastrophic consequences” for the world’s oil markets if the US-Israeli war with Iran continues to block shipping in the strait of Hormuz. The world’s biggest oil company expects to be able to export about 70% of its usual crude output despite the stranglehold on the vital trade artery, but its chief executive warned that there would still be “drastic” consequences for the world economy if the disruption continues. Oil shipments from the Middle East have been blocked from passing through the narrow waterway since the US strikes on Iran 11 days ago
Zorro Ranch: New Mexico authorities search former Epstein property
...
Read moreDetails
