Saudi Aramco Q1 Profit Surges 26% Amid Iran War

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Saudi Aramco reported a 26% jump in first-quarter profits as its East-West pipeline reached full capacity, helping offset energy supply disruptions from the ongoing Iran conflict. The pipeline expansion has strengthened Saudi Arabia's ability to maintain oil exports during regional instability. This development could strengthen the Saudi riyal and impact oil-sensitive currencies. Higher Saudi oil revenues and improved export capacity may boost confidence in Middle Eastern energy supplies, potentially affecting commodity-linked currency pairs.

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