Aramco profit jumps 25% as oil prices rise during Iran war
DHAHRAN, Saudi Arabia: Saudi Aramco reported a 25 percent increase in first-quarter profit after higher oil prices and export shifts helped the company navigate disruptions in the Strait of Hormuz caused by the war in Iran.
The state-owned oil giant said over the weekend that net profit for the three months ended March 31 rose to US$32.5 billion, up from the same period a year earlier.
Aramco said it redi