Global Energy Shock From Iran War May Extend Till 2027: Saudi Aramco Chief

May 12, 2026 - 02:00
Global Energy Shock From Iran War May Extend Till 2027: Saudi Aramco Chief

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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.

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