Tag
Oil surged over $4 a barrel Monday after Trump called Iran's response to a US peace proposal "unacceptable," keeping the Strait of Hormuz closed and global supply tight. The Trump-Xi meeting in Beijing on Wednesday is now the key near-term catalyst for a potential resolution.
Saudi Aramco reported a 26% rise in first-quarter profit, crediting its East-West pipeline reaching full capacity for helping offset supply disruptions from the Iran war. The pipeline bypasses the Strait of Hormuz, keeping Saudi crude exports flowing despite elevated regional risk.
Tag
Oil surged over $4 a barrel Monday after Trump called Iran's response to a US peace proposal "unacceptable," keeping the Strait of Hormuz closed and global supply tight. The Trump-Xi meeting in Beijing on Wednesday is now the key near-term catalyst for a potential resolution.
1mo ago · 3 min · Global Affairs
Saudi Aramco reported a 26% rise in first-quarter profit, crediting its East-West pipeline reaching full capacity for helping offset supply disruptions from the Iran war. The pipeline bypasses the Strait of Hormuz, keeping Saudi crude exports flowing despite elevated regional risk.
1mo ago · 2 min · Global Affairs
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