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Aramco profits jump despite attacks as Australia raises rates

Original: Saudi state oil company reports jump in profits despite attacks; Australian central bank lifts rates – business live By

Saudi Arabia's state oil company Aramco has reported a sharp rise in profits, with output reduced by the Iran conflict offset by higher oil prices. Separately, the Australian central bank has lifted interest rates. The two stories are being followed in live business coverage as markets track the war's economic impact.

Why now: The Iran war's effect on oil output and prices, plus fresh rate decisions, are moving markets right now

AramcoSaudi ArabiaReserve Bank of AustraliaIran

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Evidence

• Saudi state oil company reports jump in profits despite attacks; Australian central bank lifts rates – business live By Julia Kollewe Iran war reduces Aramco’s output but this has been offset by higher oil prices https://www. theguardian.com/business/live/… · guardianfeeds@rssfeed.media

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