Saudi Aramco reported a 22% profit decline in Q2, totaling 85 billion riyals ($22.67 billion), marking ten consecutive quarters of profit drops due to falling crude oil and product prices. The company’s market value has decreased by over $800 billion since 2022, despite strong market fundamentals and expectations for increased oil demand in the latter half of 2025.
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Israel orders army to execute govt decisions on Gaza
Israel's Defence Minister stated that the military must implement government decisions regarding Gaza amidst reported disagreements over a potential full occupation, as Prime Minister Netanyahu prepares to announce a new strategy to defeat Hamas and secure the release of hostages. The Israeli government faces increasing pressure to end the war amid a humanitarian crisis in Gaza, where at least 61,158 people have died since the conflict began, while international criticism grows regarding the conditions faced...
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