economy
They are the real war profiteers in Iran! While everyone is fighting, one country is filling its pockets
The world's largest oil company, Saudi Aramco, announced today that its first-quarter profit increased by 25 percent compared to last year, thanks to increased exports using an oil pipeline that bypasses the Strait of Hormuz, whose maritime traffic is disrupted by the war with Iran.
TL;DR
- Saudi Aramco reported a profit of $32.5 billion for the quarter ending March 31.
- The company experienced a 12% decrease in annual profit in 2025.
- The East-West pipeline is operating at full capacity of seven million barrels per day.
- The pipeline helps alleviate the impact of global energy shocks and offers relief to customers.
- Disruptions in the Strait of Hormuz have led to lost capacity, as it previously handled approximately 20% of global oil trade.