Saudi Aramco promises full production can be restored within days if Strait of Hormuz is reopened
Author


Aramco’s CEO warns of “catastrophic consequences” for the oil market if the effective closure of the Straits Of Hormuz were to remain for an extended period. He was unenthusiastic about prospects for the U.S. Navy escorting tankers in transit.

You May Also Like
The IRS is trying to make the best of a government shutdown. Here’s how to protect your refund.

The IRS is trying to make the best of a government shutdown. Here’s how to protect your refund.

The federal tax collector seems poised to run out of funding on…
Opinion: China is ignoring the painful reality threatening its economic growth

Opinion: China is ignoring the painful reality threatening its economic growth

Chinese President Xi Jinping recently sought to assure a bipartisan delegation of U.S. senators…
Trump threatens more tariffs. Investors gasp. Don’t freak out over your 401(k).

Trump threatens more tariffs. Investors gasp. Don’t freak out over your 401(k).

The stakes seem higher this time around, but the playbook is eerily…
The Fed is running into a wall of its own making ahead of next week’s interest-rate vote

The Fed is running into a wall of its own making ahead of next week’s interest-rate vote

Charlie Garcia responds to readers concerned about their money and interest rates.