Saudi Aramco reported sharply higher second-quarter 2026 profits as the Iran war restricts global oil supply and pushes crude prices up. Other oil supermajors also posted outsized earnings, raising concerns about sustained fuel cost pressure for importing economies.

24d ago · 4 min · Global Affairs

The US has paused nightly airstrikes against Iran amid reports of shrinking Patriot interceptor stockpiles and internal White House concerns about escalation risks. The break has revived diplomacy prospects, but Iran's Strait of Hormuz blockade and Houthi attacks on Saudi Aramco sites keep the conflict active.

1mo ago · 4 min · Global Affairs

Oil surged over $4 a barrel Monday after Trump called Iran's response to a US peace proposal "unacceptable," keeping the Strait of Hormuz closed and global supply tight. The Trump-Xi meeting in Beijing on Wednesday is now the key near-term catalyst for a potential resolution.

3mo ago · 3 min · Global Affairs

Saudi Aramco reported a 26% rise in first-quarter profit, crediting its East-West pipeline reaching full capacity for helping offset supply disruptions from the Iran war. The pipeline bypasses the Strait of Hormuz, keeping Saudi crude exports flowing despite elevated regional risk.

3mo ago · 2 min · Global Affairs