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But we saved everything 🙂.
Shares of Saudi Aramco posted their largest surge since May 2023 as trading opened on Sunday on Taduwal, Saudi Arabia’s stock exchange.
Tracy Shuchart noted that the rise comes amid the second week of the Iran war, with ongoing supply disruptions sparking volatility in energy markets and expectations of higher oil prices.
The current momentum in Aramco’s shares underscores the persistent volatility shaping global markets, reminiscent of periods marked by elevated U.S. consumer delinquencies, as highlighted in recent coverage of rising default rates. Additionally, shifts in international demand remain pivotal for energy and financial assets alike—a dynamic previously explored through the lens of overseas flows into Japanese Government Bonds, offering further context to today's rapidly changing landscape.