Saudi Aramco Q2 profit rose 33% to $33.4 billion on oil-price surge
What's next: Aramco kept its $21.9 billion base dividend even as Red Sea tanker threats add fresh risk to exports.
The New York Times, CNBC +1
Subject
#Saudi Aramco
Brent drops more than 7% as US pauses Iran strikes
Why it matters: The pullback eased fears of a wider oil shock, though Brent is still up more than 25% in July.
Series: United States · Iran War Escalation · 12 chapters since Jul 19Hormuz tanker crossings drop to 1 as oil returns to $100
What's new: No ships entered the strait on July 23, while Saudi Aramco shifted some loadings to Egypt's Sidi Kerir port.
Bloomberg, Tribunnews
SK Hynix targets $29.4 billion US listing to expand AI chip output
What's next: Trading is expected to begin July 10, in a deal that would rank among the five biggest share sales ever.
Bloomberg, The Business Times (Singapore) +2
Frontline sees Hormuz tanker traffic rising fast if US-Iran deal holds
Why it matters: Only 5 to 10 ships now cross the strait daily, down from 130 to 140 before the closure.
Bloomberg, CNBC +1