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Oil giant Saudi Aramco profits jump 25% as Iran war drives prices higher

Euronews · May 11, 2026, 8:58 AM · Also reported by 4 other sources

Why this matters: an international story with cross-border implications worth tracking.

Saudi Aramco said Q1 profit rose 25% as the Iran war disrupted global oil supplies and pushed up prices. The company shifted some exports away from the Strait of Hormuz via its East-West Pipeline, which is now operating at full capacity.

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