Amin Nasser leads Aramco as CEO, guiding the world’s largest oil company through price swings, diversification push, and global partnerships.
Global oil majors are posting higher first‑quarter profits as supply disruptions, including the Strait of Hormuz tension and related price spikes, bolster trading and refining margins. Shell and BP report earnings well above forecasts, while Aramco highlights a critical export artery from its east coast to the Red Sea, helping cushion markets.
Saudi Aramco has reported a $32.5 billion profit for Q1 2026, driven by higher volumes and a full-capacity East-West Pipeline that is helping mitigate global energy shocks despite continuing disruption in the Strait of Hormuz. The company notes ongoing headwinds from Hormuz while maintaining its dividend and investing in growth.
The administration has rejected Iran’s latest counterproposal and warns the ceasefire is on life support. Tehran and Washington are locked in a regional standoff that has disrupted oil flows and heightened global tensions, with talks on ending the war failing to progress.
Canada’s Mark Carney has arrived in Saudi Arabia to deepen economic ties, with a focus on mining, energy cooperation, and investment in AI and skills development. The visit follows a 2023 diplomatic reset and precedes a signing ceremony for commercial agreements worth over CAD 1 billion.
Iraq’s prime minister is visiting Washington to deepen strategic ties, with oil-and-gas deals and a plan to boost production and diversify exports. The talks aim to shift from crisis management to a durable, long-term partnership, while addressing weapon control and Iran’s influence.