Topic
oilprices
3 stories, newest first.
- Business & Economy · Middle East
Aramco Q2 2026 profit rises 42% on higher oil prices despite Hormuz disruptions
Saudi Aramco posted a 42% year-on-year increase in second-quarter net profit to $32.4bn, driven by higher crude and refined product prices, though production fell after Iran closed the Strait of Hormuz. Cash flow and hydrocarbon output declined from the previous quarter.
Middle East4 min readTrust 70 · Craft 85 · Hype 15 
Business & Economy · Middle EastTrump pauses Iran strikes as oil crisis warnings mount
President Donald Trump halted planned strikes on Iranian infrastructure, as analysts warn the US Strategic Petroleum Reserve is nearing 300 million barrels, its lowest since 1983. Closure of the Strait of Hormuz could push oil to $150 per barrel, triggering energy rationing and economic collapse in the US and Gulf states.
Middle East4 min readTrust 30 · Craft 45 · Hype 65- Politics · Middle East
Trump says oil firms profit too much from Iran war shortage
President Donald Trump said oil companies are making “too much money” due to a shortage caused by the Iran war, which has led to retaliatory actions blocking the Strait of Hormuz. Right-rated outlets led on his criticism, while no left- or centre-rated reports carried the story.
Middle East3 min readTrust 68 · Craft 79 · Hype 15