Saudi Aramco reports bumper profits as it bypasses Strait of Hormuz
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Source: Middle East Eye
Published: 2026-08-05 06:45 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, World News, War & Conflict
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Snippet:
Saudi Aramco said on Tuesday its profits surged 33 percent in the second quarter of this year, as the kingdom benefited from the US-Israeli war on Iran, which drove up energy prices, while its oil pipeline allowed it to bypass the Strait of Hormuz.
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