Saudi energy giant Aramco reported a sharp increase in its second-quarter net income, up 44%, as the ongoing US-Iran conflict drives global oil prices higher and disrupts regional supply chains, Anadolu Agency reports. Aramco’s net income reached $32.7 billion in the second quarter, up from $22.67 billion in the same quarter 2025, the firm announced on Tuesday. The geopolitical conflict drove global oil prices up and allowed the Saudi company to capitalize on its diverse asset base. The company’s net income also reached $65.2 billion during the first half of the year, up from $48.68 billion in the same period last year. READ: Trump criticises oil companies for profiting from Iran war