Saudi oil giant Aramco sees 25% jump in Q1 profit after shifting exports from Strait of Hormuz

Aramco reported a 25% jump in Q1 profit due to shifting oil exports to a pipeline to avoid the Strait of Hormuz, disrupted by the Iran war. The pipeline is operating at maximum capacity, mitigating the impact of a global energy shock. Rising crude oil prices followed recent clashes between US forces and Iran, impacting global energy markets.