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Saudi Aramco reported a 26% jump in first-quarter profit following a war-induced rise in prices of oil and refined fuels, and as it redirected exports via a pipeline bypassing the Strait of Hormuz.
Source
Bloomberg Markets
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A tanker carrying liquefied natural gas from Qatar appears to have transited the Strait of Hormuz, marking the country’s first export out of the region since the Iran war began.
Malaysian Prime Minister Anwar Ibrahim will unveil a plan soon to shore up the country’s oil supply as uncertainties stemming from the conflict in Iran continue, Bernama reported.
China’s marriage registrations in the first quarter fell to the lowest level on record for the three-month period, underscoring persistent weakness in the formation of new households — even during the peak wedding season.
