Aramco Profit Drops to $104 Billion Amid Iran War

Saudi Arabia's state-owned oil company, Aramco, reported a profit of $104 billion for 2025, a decline from the previous year's $110 billion, as ongoing conflict with Iran disrupted its operations and global energy markets. The company released its annual results on Tuesday, attributing the drop to targeted attacks on its facilities since the war began on February 28. Revenues fell to $445 billion from $480 billion in 2024.

The conflict, which escalated after initial strikes by the United States and Israel on Iranian targets, has seen Tehran launch hundreds of missiles and drones at regional sites, including energy infrastructure in Gulf Arab states. Early Tuesday, air raid sirens blared in Dubai and Bahrain as Iranian projectiles approached. Saudi forces intercepted two drones over the kingdom's eastern oil-producing region, while Kuwait's National Guard downed six others. Officials in the United Arab Emirates confirmed no impacts from the incursions.

A key flashpoint has been Iran's effective blockade of the Strait of Hormuz, a vital shipping lane through which about 20 percent of global oil passes. The restrictions, combined with attacks on merchant vessels, have halted tanker...