Oil giant Saudi Aramco reported its 10th consecutive quarterly profit drop, with second-quarter profits down 22% year-on-year to 85 billion riyals ($22.67 billion), due to lower crude and refined product prices. As Saudi Arabia aims to reduce oil dependence through its Vision 2030 project, analysts predict continued downward pressure on oil market forces, despite Aramco’s CEO’s optimism for increased demand later this year.
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Netanyahu threatens army chief with dismissal if he rejects full Gaza invasion plan – Middle East Monitor
Israeli Prime Minister Benjamin Netanyahu has threatened Chief of Staff Eyal Zamir with dismissal if he rejects a plan for full military occupation of Gaza, reflecting escalating internal disputes over the war's management. Concurrently, the Israeli army announced measures to alleviate troop pressure, including ending a state of emergency and withdrawing platoons from active duty for rest after prolonged service. Want More Context? 🔎
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