Saudi Aramco Q1 profit jumps 26% as key pipeline reaches capacity amid Iran war

Saudi Aramco reported a 26% year-on-year jump in first-quarter profits on Sunday, beating analyst forecasts, as a key pipeline allowing it to circumvent the choked-off Strait of Hormuz reached full capacity. Adjusted net income for Q1 2026 stood at $33.6 billion, compared with $26.6 billion in the…