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Global Business News

The Economic Times

Global Business / The Economic Times

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Big Oil profits surge as Iran war keeps energy prices elevated

European and Middle Eastern oil firms reported significant profit increases recently. Saudi Aramco saw its net profit climb by forty-four percent year-on-year. American energy companies also posted enormous profits last week. Consumers face higher costs for fuel and air travel globally. Oil prices have recently fallen after potential diplomatic progress.

4 Aug 2026 10:20 pm