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The Latest Breaking News from Aramco

Revealed: major oil firms make $93bn profits amid war and climate crisis

Iran conflict windfall over three months reignites calls for companies ‘cashing in on human misery’ to pay for environmental damage

The Guardian - UK

The Iran War Continues Keeping Energy Markets On Edge. Saudi Aramco Profits Are Jumping.

Saudi Aramco reported a 33% jump in second-quarter profit as higher oil prices driven by the Iran conflict boosted revenue, with the company highlighting the role of its East-West pipeline in keeping exports flowing despite disruptions around the Strait of Hormuz.

International Business Times

Global Market: Saudi Aramco Q2 profit jumps 44% as Middle East conflict boosts oil prices

Saudi Aramco reported a 44% year-on-year jump in second-quarter net profit, beating analyst estimates as higher crude oil prices offset lower sales volumes. The oil giant said elevated prices, stronger refining margins and resilient operations amid Middle East supply disruptions supported its performance.

The Economic Times

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Top Economist Says Mohammed Bin Salman ‘Forced Trump to Back Off’ Iran Strikes With a ‘Credible Threat’ to Unload US Treasuries

Economist Steve Hanke said Saudi Crown Prince Mohammed bin Salman forced President Donald Trump to abandon planned strikes on Iran by threatening to unload the kingdom’s U.S. Treasury holdings.

Benzinga

Aramco mulls new Asia pricing on deliveries from Egypt port

State-run Aramco has been asking Asian customers to take oil deliveries from the Egyptian port, near the Suez Canal exit from the Red Sea, as some shipowners are avoiding Yanbu fearing Houthi attacks. Meanwhile, Asian refiners are pressing Saudi Arabia for discounts to offset the higher freight costs and longer…

The Economic Times

The Houthis Said They Keep Hitting Saudi Oil Infrastructure. That Could Spell More Trouble For Global Supply

The Iran-backed Houthis claimed to have struck crude oil supply and transport sites that connect eastern Saudi Arabia to the Red Sea.

International Business Times

Iran-US war latest: Trump pauses nightly attacks to make room for talks, says ambassador

The tanker had reportedly left an Iran-approved route in the vital shipping route

The Independent UK

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Trump Says 'Preference Is Diplomacy' as Houthis Strike Saudi Aramco Sites, Raising Fears of Wider Middle East War

The Iran conflict expanded into new flashpoints across the Middle East as Tehran-backed Houthi forces targeted Saudi energy infrastructure while Washington paused further strikes amid concerns over a broader regional war.

Benzinga

Houthis target Saudi oil as new Middle East front

SANAA - Yemen's Iran-backed Houthi rebels said they had launched missile and drone salvos against Saudi Arabia's oil facilities on Saturday, as fighting between regional allies of the United States and Iran intensified on a new front.

Bangkok Post

Saudi Arabia-backed developer seeks World Cup stadium investors, sources say

Saudi Arabia's ROSHN Group is seeking investors for its Aramco Stadium venue. JPMorgan is managing the fundraising process for this significant project. The state-backed developer aims to free up capital for economic transformation initiatives. This stadium transaction will mirror previous pipeline deals for infrastructure funding. Private investors are being approached…

The Economic Times

Saudi Arabia mulls big new plan, eyes post-war oil route reset to bypass volatile Hormuz

Saudi Arabia is considering expanding its crude oil pipeline capacity. This move aims to bypass the Strait of Hormuz for exports. Neighbouring countries like Kuwait are also in talks for pipeline access. The expansion could accommodate an additional two million barrels daily.

The Economic Times

‘This is a hellhole’: Aramco makes its presence hurt in the shadow of the World Cup

The oil giant’s sponsorship deal with Fifa has featured prominently at matches in Houston. But 100 miles away in another Texas city, residents say the firm’s refinery is exposing them to poisonous gases and long-term health problems

The Guardian - UK

Oil climbs following renewed US, Iran strikes in Middle East

Oil prices saw an uptick as renewed US-Iran tensions in the Middle East disrupted shipping through the Strait of Hormuz. Despite reports of a potential de-escalation and renewed talks, analysts caution that a full recovery of Gulf oil supply could take months due to lingering issues. Saudi Aramco has resumed…

The Economic Times

Why are oil prices rising today, and will Brent crude futures and US WTI prices continue to go up? Oil prices gain after renewed US-Iran strikes and Strait of Hormuz disruption

Why are oil prices rising today, and will Brent crude futures and US WTI prices continue to go up? Oil prices increased after renewed attacks involving the United States and Iran raised concerns over energy supplies through the Strait of Hormuz. Brent crude futures and US WTI crude moved higher…

The Economic Times

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TechRadar

What's new at Lego for July: 12 new sets to get stuck into — including the clumsy Demon Hunters icon I've been waiting for

There's a new batch of Lego kits available for pre-order, and there are some instant classics in there.

The Economic Times

Saudi Aramco resumes oil loading at Ras Tanura after four-month halt, data shows

Saudi Aramco has restarted oil loading at its Ras Tanura terminal after a four-month pause, with two massive crude carriers seen taking on cargo. This resumption follows an interim deal between the US and Iran, which has eased tensions and allowed for increased output and exports from Middle Eastern producers.…

Fortune

Saudi Aramco’s chairman calls for “energy realism”

As the world grapples with the greatest oil shock in history, Saudi Aramco's Chairman calls for "energy realism"

The Guardian - UK

Aramco’s petrodollar backing of World Cup leaves stain of sportswashing

In today’s newsletter: How Saudi Arabia’s state-owned oil giant is embedding fossil fuels as a crucial part of the world’s biggest sport

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The Guardian - US

Fifa urged to drop Saudi oil giant Aramco as activists target World Cup

Fifa has defended its Aramco sponsorship, saying revenues are reinvested back into football at all levels

Euronews

Global capital sees potential in Europe but calls for lighter regulation

Political and business leaders and investors at the FII Institute summit in Rome call for lighter regulation and greater flexibility to draw global investment and boost Europe’s competitiveness.

The Times of India

Study claims 2026 World Cup could be football's biggest climate polluter yet: Here's why

The 2026 FIFA World Cup, expanding to 48 teams and spanning three North American countries, is projected to be one of the most carbon-intensive tournaments ever. Researchers highlight concerns over increased travel distances and the growing financial ties between football and fossil fuel industries, urging significant changes to mitigate the…

Radio France Internationale

Hajj pilgrimage becoming more dangerous due to global heating, report warns

Climate change is gradually narrowing the window in which the annual hajj Muslim pilgrimage can take place safely, according to new research by the World Weather Attribution group published on Friday.

The Conversation

Canada should ban fossil fuel ads ahead of the 2026 FIFA World Cup

When the FIFA Men’s World Cup arrives in Toronto soon, it will be accompanied by one of its highly controversial Major Worldwide Partners, Saudi Arabia’s national fossil fuel company, Saudi Aramco.

The Economic Times

Why Indian investors are looking at space economy ETFs ahead of SpaceX IPO: Subho Moulik of Appreciate decodes

Indian investors are eyeing the global space economy ahead of the SpaceX IPO. With no pure-play listed space companies in India, global ETFs offer a route to invest. Investors can also participate directly in SpaceX through the Liberalised Remittance Scheme. Experts advise separating listing excitement from investment discipline. Long-term holding…

Euronews

Ahead of the SpaceX IPO, a look at the biggest stock market debuts ever

From Saudi Aramco to Facebook, these are the biggest IPOs in history and why SpaceX could dwarf them all.

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