Saudi Aramco & United Arab Emirates

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.

United Arab Emirates: The United Arab Emirates received Iron Dome air defense batteries and personnel from Israel during the war, indicating its involvement in regional defense against Iranian threats.

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.

United Arab Emirates: The United Arab Emirates is doubling its crude oil export capacity bypassing the Strait of Hormuz, reducing its reliance on the chokepoint and increasing its ability to supply markets during conflict. This move also follows its exit from OPEC, allowing it to increase output.

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.