Aramco Q1 profit jumps 25% as Hormuz risks push pipeline to full capacity

Reuters beat the competition by as much as almost three minutes on Aramco’s quarterly results. The world’s top oil exporter reported a 25% jump in first-quarter profit, showing its resilience as U.S.-Iran war tensions curtail Strait of Hormuz shipping. Aramco shares rose as much as 1.3% after the market opened.