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Saudi Aramco profits jump 33% in second quarter as Iran war squeezes oil supply

CNBC · Published 1h ago · Impact 91%
Saudi Aramco profits jump 33% in second quarter as Iran war squeezes oil supply

The results come as oil supermajors have reported blowout quarterly profits, benefitting from higher fossil fuel prices amid the Iran war.

Caution ahead63%
PositiveDiplomatic options may remain open
RiskEscalation, implementation failure or renewed fighting
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