Aramco reports higher revenue as US-Iran war boosts oil prices

Saudi Aramco has reported a significant increase in its net income for the second quarter of 2026, rising by 44% to $32.7 billion. This surge is attributed to the ongoing US-Iran conflict, which has driven global oil prices higher and disrupted supply chains in the region.

The company's total net income for the first half of the year also saw a rise, reaching $65.2 billion. Aramco's leadership highlighted that the geopolitical tensions have played a crucial role in shaping their financial performance during this period.