breaking
Freightwatch Reporter
Freightwatch.news
Thursday, May 14, 2026
Saudi Aramco warned that disruptions to global oil markets could persist longer than initially expected following near-closure of the Strait of Hormuz, a critical chokepoint for Middle Eastern crude exports. The energy giant reported surging profits as higher prices offset supply constraints, leveraging alternative pipeline infrastructure to redirect shipments away from the troubled waterway. Analysts predict oil could range between $90 and $150 per barrel depending on escalation timelines in the region. Energy markets face continued geopolitical volatility and shifting trade dynamics. Saudi Aramco's ability to reroute exports has provided temporary relief, though prolonged Hormuz disruptions could reshape global energy logistics and transportation costs across multiple industries.