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Saudi Aramco reports higher Q1 2026 adjusted net income of $33.6 BILLION despite Iran war.
That's +26% up YoY, beating analyst estimates of $29B, even as Saudi oil output COLLAPSED 30% from 10.4M bpd to 7.25M bpd.
Earnings were boosted by a 43% Brent surge after Iran closed the Strait of Hormuz, while Saudi Arabia redirected shipments to the Red Sea.
##Gate13thAnniversaryGlobalCelebration
#NewsOfTheDay #pendle $BTC $PENDLE $VRA