United Airlines to resume US service to Tel Aviv

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? 🔎

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. Want More Context? 🔎

Rebuilding Iran could cost $500 billion, Mideast expert say | The Jerusalem PostTehran estimates that it requires over $500 billion in foreign investment to modernize its infrastructure, including roads, grids, and ports. The ongoing conflict has diverted resources, now focusing on rebuilding efforts rather than modernization. Want More Context? 🔎

Israeli Prime Minister Benjamin Netanyahu announced plans to convene his security cabinet this week to discuss military strategies aimed at achieving war goals in Gaza, including defeating Hamas, securing the release of hostages, and neutralizing threats from Gaza. Reports suggest that Netanyahu is leaning towards expanding the offensive to seize the entire Palestinian enclave, with the cabinet meeting scheduled for Tuesday. Want More Context? 🔎

Israel's ongoing war in Gaza, now in its twenty-second month, has intensified political and social divisions, with families and friends split over calls for a ceasefire and the need to secure hostage releases. While peace activists push for a halt to the conflict, right-wing factions advocate for territorial expansion, leading to increased polarization and critiques of Prime Minister Netanyahu's motives amidst mounting international pressure. Want More Context? 🔎

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