Aramco Profit Jumps 25% Amid Hormuz Crisis, Oil Market Tensions
Aramco Records Strong First-Quarter Earnings Saudi oil giant Saudi Aramco posted a 25 per cent increase in first-quarter profit as tensions involving Iran, the United States, and Israel disrupted global energy markets. The company announced on Sunday that net profit rose to $32.5 billion for the quarter ending March 31. The figure surpassed analysts’ expectations…