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Saudi Aramco Profit Soars As CEO Warns Hormuz Closure Removes 100 Million Barrels A Week
Saudi Aramco Profit Soars As CEO Warns Hormuz Closure Removes 100 Million Barrels A Week
Saudi Aramco, the world's largest oil producer by volume, reported a 33% jump in second-quarter profits on Tuesday as the war-driven surge in Brent crude, which averaged $97 a barrel, boosted earnings. The company maintained export flows by redirecting crude around the disrupted Strait of Hormuz through its East-West Pipeline to the Red Sea.
Adjusted net income for the quarter surged to $33.4 billion from $25.2 billion a year earlier, beating the Bloomberg Consensus estimate...
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Apr 15, 2026 / Dave DeCamp
Vance Says Trump Administration ‘Solved’ Gaza as the IDF Continues Killing Palestinians
Vice President JD Vance said on Tuesday night that the Trump administration had “solved” the problem in the Gaza Strip and touted the so-called “peace agreement” pushed by President Trump, claims that come as the Israeli military continues its constant ceasefire violations, which have killed more than 750 Palestinians. Vance made the comments while speaking […]
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Jul 25, 2026 / Tyler Durden
Trump Pursues Diplomatic Off-Ramp As Omani Delegation Arrives In Tehran: Report
Trump Pursues Diplomatic Off-Ramp As Omani Delegation Arrives In Tehran: Report
Summary
Why Trump Reportedly Ordered Military Not To Strike In Overnight
US Pauses Iran Bombing Campaign As Saudi-Houthi Red Sea Front Erupts
Why Trump Reportedly Ordered Military Not To Strike In Overnight
Axios reports that President Trump called off new U.S. military strikes on Iran Friday night, signaling a potential diplomatic offramp after nearly two weeks of tit-for-tat attacks.
People familiar with the decision told the outlet that the pause coincided with the arrival of Omani officials in Tehran for negotiations aimed at reopening...
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Apr 23, 2026 / Mark Thornton
How War and Fiat Currencies Drive the Price of Gold and Oil
Kaneki Kojo interviews Mark Thornton on the link between government policies and the rising cost of living.
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