The state-owned Saudi Arabian oil giant’s adjusted net income rose to $33.4bn from $25.2bn a year ago. The second quarter runs from early April to the end of June. The US and Iran reached a ceasefire in April that was extended in June, but fighting has continued to rage, keeping energy prices inflated. Iran is attempting to assert its control over the Strait of Hormuz and has attacked dozens of vessels trying to transit the strait via Oman’s territorial waters. Read more: Saudi Aramco reports bumper profits as it bypasses Strait of Hormuz