Saudi Aramco reports profit jump despite attacks as RBA raises rates to 18-year high
Oil giant posts $3.25bn quarterly net profit as Brent crude rises above $107 after reported US strikes on Iran; Australian central bank lifts cash rate to 4.85% in fifth hike this year
Saudi state oil company Aramco reported a jump in third-quarter net profit to $3.25bn despite attacks on its facilities, as Brent crude climbed above $107 a barrel after the US reportedly launched limited strikes on Iran’s Qeshm Island, while Australia’s central bank lifted interest rates for the fifth time this year to their highest level in 18 years.