Saudi state oil company reports jump in profits despite attacks; Australian central bank lifts rates – business live
Saudi Arabia’s state-owned oil producer posted a sharp rise in quarterly profit, saying that reduced output caused by the Iran‑Israel conflict was balanced by stronger crude prices. In the same briefing, the Reserve Bank of Australia announced another interest‑rate increase, marking its third hike this year as it seeks to curb inflation. Both developments were highlighted in a business briefing.