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The post Aramco Q1 Profit Surges 25% as East-West Pipeline Hits Full Capacity Amid Hormuz Crisis appeared on BitcoinEthereumNews.com. TLDR: Aramco’s Q1 net profit rose 25% to $32.5B, beating the LSEG consensus estimate of $30.95 billion. The East-West Pipeline reached 7.0M bpd capacity, offsetting Hormuz shipping disruptions during the conflict. Total revenue climbed nearly 7% to $115.49B on higher crude oil and refined product prices and volumes. Aramco’s base dividend rose 3.5% to $21.9B, aligning with projected full-year payouts of $87.6 billion. Saudi Aramco posted a 25% rise in first-quarter profit for 2026, driven by higher oil sales and surging energy prices. The state oil giant earned $32.5 billion in net profit, beating analyst estimates. Geopolitical tensions around the Strait of Hormuz have reshaped global energy flows. As a result, Aramco’s East-West Pipeline is now running at full capacity to keep supply moving. East-West Pipeline Steps Up Amid Hormuz Disruption Iran’s blo
Read full articleIran launched a Hormuz attack against three US Navy destroyers on May 7, with all missiles and drones reportedly intercepted. The US military said it intercepted Iranian attacks on three Navy ships in the Strait of Hormuz on May 7…
RIYADH, Saudi Arabia, May 7, 2026 — Aramco and IBM have announced their intended collaboration on opportunities to advance artificial intelligence, agentic AI, automation, material science and other mutually agreed […] The post IBM and Aramco Announce Planned Collaboration on Industrial AI Applications appeared first on AIwire.
Rolling coverage of the latest economic and financial news Climate campaigners attack Shell over ‘windfall’ profits from Iran war The Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”. The company, which transports goods around the world via sea, road, rail and air, said demand for shipping containers remained strong, but that war in the Middle East was ramping up costs. “The reopening of the strait of Hormuz, whether it happens in the days to come or the months to come, will have limited impact on cargo flows. What really are the most important factors to consider: first is our ability to mitigate the cost increases we have been suddenly faced with. And I would say so far we have been successful with both our cost measures and the revenue, the commercial measures that we have put in place to mitigate the impact of these increases t
The crypto rally extended into Monday, with traders pricing in the CLARITY Act compromise and Trump's "Project Freedom" Hormuz operation.
Crude oil jumped as Trump called off Iran peace talks, dragging BTC back below $77,000 and triggering $288 million in long liquidations.
