Israeli Prime Minister Benjamin Netanyahu plans to fully occupy the Gaza Strip, expanding military operations across the enclave, including areas where Hamas holds captives, amid rising international and domestic pressure for humanitarian aid and hostages’ release. The Palestinian Ministry of Foreign Affairs condemned these plans, citing urgent need for international intervention as Israeli attacks have resulted in over 74 Palestinian deaths in a single day, with more than 60,930 deaths reported since October 2023.
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Saudi Aramco profit drops for 10th straight quarter
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. Want More Context? 🔎
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