Saudi Aramco's profits soar 44 percent as war boosts oil prices

Saudi Aramco reported a 44 percent increase in net profits due to rising oil prices linked to the war on Iran. The company's net income rose to 122.6bn Saudi riyals ($32.7bn) for April to June, up from 85bn riyals ($22.7bn) a year earlier. CEO Amin Nasser stated there was no material operational or financial impact from July attacks on Aramco facilities, emphasizing the company's ability to maintain business continuity despite supply disruptions through the Strait of Hormuz.