OREANDA-NEWS  The global oil market will not be able to return to normal until next year if ship traffic in the Strait of Hormuz does not resume in a month, said Amin Nasser, CEO of the Saudi oil and gas company Saudi Aramco.

"The longer the supply disruptions continue, even if they last for several more weeks, the more time it will take for the oil market to rebalance and stabilize," he said during a video conference to discuss Aramco's first-quarter results.