Saudi Aramco's profits soar 44 percent as war boosts prices

Saudi Aramco reported a 44 percent surge in net profits on Tuesday, reaching 122.6 billion Saudi riyals ($32.7 billion) for the April-to-June quarter, up from 85 billion riyals ($22.7 billion) during the same period previously.

The significant financial increase was driven by soaring global oil prices resulting from the war on Iran.