Aramco Profit Jumps 33% as US-Iran War Boosts Oil Prices

In Saudi Arabia on 4 August 2026, Saudi Aramco reported that its adjusted profit jumped 33% as oil prices surged during the US-Iran war. Reuters put the jump at 44%, and the Wall Street Journal cited a profit of about $33 billion. Aramco said the war has cost the global market 2.6 billion barrels of oil and warned about global inventories. Die Zeit wrote that Aramco and BP are earning heavily from expensive oil.