Saudi Aramco & Donald Trump

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.

Donald Trump: Donald Trump, the President of the United States, rejected Iran's peace plan as 'TOTALLY UNACCEPTABLE' and warned of the truce's collapse, contributing to market uncertainty and a spike in oil prices. He is considering reviving a US operation to guide ships through the Strait of Hormuz.

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.