The Saudi energy giant recorded its strongest surge since May 2023, driven by growing concerns over supply disruptions caused by escalating tensions in Iran.
Saudi Aramco’s shares rose sharply on Sunday, marking their biggest increase since May 2023. The rally followed a spike in oil prices triggered by the ongoing war involving Iran and fears of potential supply interruptions. The price movement came just before global markets reopened, indicating heightened investor sensitivity to geopolitical risks affecting energy supplies.