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الوئام
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Aramco Surpasses Expectations Amid Hormuz Crisis
Saudi Aramco achieved strong profits during the second quarter of 2026, with net earnings reaching 125.2 billion Saudi riyals (33.4 billion US dollars), representing a 33% increase over expectations and surpassing analyst forecasts. The company successfully navigated the Hormuz Strait crisis thanks to its strategic infrastructure, including the 1,200-kilometer East-West pipeline to the Red Sea, which helped maintain supply continuity and reduce the impact of disruptions. Dear, despite challenges arising from a decline in sales volume, higher prices for refined products, chemicals, and crude oil boosted revenues. However, there is a warning that reopening the Hormuz Strait could take up to 18 months to replenish depleted inventories.
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