Aramco Profits Soar 44 Percent Amid War-Driven Oil Price Surge

Saudi Aramco's quarterly profits have surged by 44 percent due to the ongoing conflict in Iran, which has driven up oil prices.

The company reported a net income of 122.6 billion Saudi riyals ($32.7 billion) from April to June, compared to 85 billion riyals ($22.7 billion) for the same period last year.

Aramco CEO Amin Nasser stated that despite the disruption caused by the targeting of Aramco's facilities in July, there has been no material impact on operations or finances.