Daily brief
Saudi Aramco reported a 25% jump in quarterly profit, driven by higher oil prices amid the Iran war and a pipeline ramp-up that partially offset the Strait of Hormuz disruption.
Oil prices surged after President Trump rejected an Iranian peace offer, while tankers began turning off tracking signals to exit the Strait of Hormuz.
Japan received its first crude shipment from Central Asia since the Iran war began, as China warned of imported inflation risks from rising oil prices.
Global coal demand surged as the Middle East energy crisis deepened, and Modi urged Indians to conserve fuel amid the oil shock.