Aramco CEO: Two years needed to refill oil reserves; Hormuz closure risk

Saudi Aramco CEO Amin Nasser stated at a London conference that global oil reserves are alarmingly low and would take two years to refill, warning that the oil market could worsen if the Strait of Hormuz remains closed. This highlights the fragility of supply buffers amid ongoing geopolitical tensions in the region. The claim is based on a single executive statement, with no independent corroboration of reserve levels or timeline.