Oil markets may face 'catastrophic consequences' amidst Mideast war, warns Saudi Aramco CEO

Global oil markets face severe disruption. Saudi Aramco's CEO Amin H. Nasser warns of catastrophic consequences. A conflict between Israel-US and Iran in West Asia could severely impact the global economy. The longer the disruption persists, the more drastic the economic fallout will be. Elevated risks in the region are a major concern.