A day earlier, Aramco had announced a net profit rise of more than 25 per cent in the first quarter of 2026 compared to the same period last year, fuelled by higher oil prices as exports remain blocked in the Strait of Hormuz.
Crude prices jumped during the first quarter from the mid $60s in early February to over $100 a barrel.
Global Energy Shock From Iran War May Extend Till 2027: Saudi Aramco Chief
May 11, 2026 | 2:21 PM
