Skip to content
Search

Latest Stories

Middle East

Hard Numbers: Saudi oil windfall, Castillo's friends, Chinese map raid, Truss ahead

Hard Numbers: Saudi oil windfall, Castillo's friends, Chinese map raid, Truss ahead
Paige Fusco
Make us preferred on Google

48.4 billion: Saudi Aramco, the (almost entirely) state-owned Saudi oil company, made a record $48.4 billion in profits in the second quarter of 2022, up 90% year-on-year thanks to high global prices. Fist bump notwithstanding, US President Joe Biden’s call for Crown Prince MBS to pump more oil has so far fallen on deaf ears.


4: In a joint statement, four Latin American governments — Argentina, Bolivia, Ecuador, and Mexico — backed the embattled Pedro Castillo to continue as Peru's president. Castillo has already survived two impeachment attempts and is under six separate criminal investigations, including for obstruction of justice, after little over a year in power.

23,500: Chinese customs officials seized 23,500 "problematic" maps intended for export over their drawing of China's official national borders. The maps didn't accurately represent Beijing's vast maritime sovereignty claims in the South China Sea and the East China Sea.

22: UK Foreign Secretary Liz Truss is leading former Chancellor of the Exchequer Rishi Sunak by 22 percentage points in the race for Conservative Party leader and next British PM, according to a new poll. Truss is widely favored to win the contest as she's more popular with the Tory base than Sunak, who's coming under increasing pressure to drop out.

More For You

​Egyptian pounds, a gold bar and a necklace are seen during an interview with Mohamed Abdeen, an Egyptian jeweller, in Cairo, Egypt, on February 5, 2026.

Egyptian pounds, a gold bar and a necklace are seen during an interview with Mohamed Abdeen, an Egyptian jeweller, as demand for gold bars and coins rises in Egypt, with buyers seeking a safer store of value amid volatile markets and economic uncertainty, traders and industry officials said, in Cairo, Egypt, on February 5, 2026.

REUTERS/Amr Abdallah Dalsh
Gold bust along the Egypt-Sudan border Egypt said on Monday it arrested more than 200 people along its southern border – most of them foreigners – as part of a crackdown on illegal gold mining and smuggling in the area. The border region is rich in mines: if you know the regional name “Nubia” you’re actually saying the ancient Egyptian word for [...]
Trump’s ineffective pressure campaign on Iran and China
- YouTube
Ian says President Trump assumed Iran would “cave” after US and Israeli strikes against its leadership and military capabilities. Instead, Tehran used its leverage over the Strait of Hormuz to force Washington to back down. [...]
UK Prime Minister Keir Starmer stands with his wife Victoria Starmer after announcing the timeline for his resignation, outside 10 Downing Street, in London, United Kingdom, on June 22, 2026.

UK Prime Minister Keir Starmer stands with his wife Victoria Starmer after announcing the timeline for his resignation, following Andy Burnham's decisive victory last week in the Makerfield by-election, outside 10 Downing Street, in London, United Kingdom, on June 22, 2026.

REUTERS/Jack Taylor
Starmer resigns, and the UK prepares to turn leftAfter less than two years in office, Prime Minister Keir Starmer announced on Monday morning that he would resign as Labour Party leader. “I have spoken to His Majesty the King this morning to inform him of my decision,” said a tearful Starmer outside Downing Street, who will exit office by [...]
What Josh Shapiro wants the Democrats to learn from Pennsylvania
- YouTube
Pennsylvania Governor Josh Shapiro has become one of the Democratic Party's most closely watched leaders. As Democrats search for a path forward after their 2024 defeat, Shapiro argues the party should focus less on rhetoric and more on delivering tangible results for voters. [...]