Saudi Aramco & Iran

Saudi Aramco: Amin Nasser, CEO and president of Saudi Aramco, described the current energy supply shock as the largest the world has ever experienced, highlighting the severe impact of the conflict on global energy markets.

Iran: Iran is a central belligerent in the Middle East war, proposing a peace plan that was rejected by the United States. Its actions, including restricting the Strait of Hormuz and conducting military drills, have significantly impacted global energy and food supplies.

Saudi Aramco: Saudi Aramco operates a pipeline across Saudi Arabia to the Red Sea, providing another Hormuz workaround, though its infrastructure has also faced attacks.

Iran: Iran's closure of the Strait of Hormuz and its blockade of Iranian ports have caused significant disruption to global oil and gas supplies, prompting the United Arab Emirates to develop alternative export routes.

Saudi Aramco: Saudi Aramco, Saudi Arabia's state oil giant, benefits from higher oil prices through increased royalties and taxes for the Saudi government.

Saudi Aramco: Saudi Aramco announced Saudi Arabia's official selling price for May Arab Light crude oil to Asia at a record premium.