Thursday, December 25, 2025
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Aramco’s third-quarter net profit declines on lower crude prices

Aramco reported a net profit of 101.02 billion riyals ($26.94 billion) in the three-month period ended September 30, down from 103.4 billion riyals last year.

OPEC+, which pumps about half of the world’s oil, has been unwinding voluntary cuts, after cutting back production for several years to support the market.

Brent and WTI in October fell more than 2% for a third consecutive month, hitting a five-month low on October 20 on fears of a supply glut and economic concerns about U.S. tariffs.

The company raised its 2030 sales gas production capacity growth target to about 80% above 2021 levels, up from its earlier goal of more than 60%.

This increase is expected to bring total gas and associated liquids production to around six million barrels of oil equivalent per day, the company announced.

“Part of that is from our unconventional gas expansion at Jafurah, which attracted significant interest from global investors,” CEO Amin Nasser stated in a statement.

Adjusted net profit came in at $28 billion during the third quarter, beating a company-provided median analyst estimate of $26.5 billion.

 

Iranian official says Tehran hit by driest autumn in six decades

Rama Habibi, who leads production operations at Tehran Regional Water Company, said on Monday that the province of Tehran had experienced a fifth dry spell in a row in the water year that ended in September.

“In the past 60 years, we have not experienced such low autumn rainfall in Tehran, and the current situation is unprecedented,” Habibi was quoted as saying by the Tasnim news agency.

He added that the absence of rainfall in Tehran this autumn has caused the water storage in five dams supplying the city to drop to 205 million cubic meters (mcm) on November 3, down from 426 mcm reported on the same day last year.

The comments came as Iranian President Masoud Pezeshkian used a video link on Monday to inaugurate a major water transfer project, bringing water to Tehran from a dam more than 140 kilometers northwest of the city.

According to the Energy Ministry, the $80-million project will add 5 cubic meters per second to the water supply delivered to households and businesses in Tehran.

Water consumption in Tehran, a city of nearly 10 million people, reached records of nearly 4 mcm per day in late July, prompting authorities to reduce pressure in transmission pipes in several neighborhoods to manage supply.

The government also imposed restrictions on swimming pool use and declared holidays to help curb water consumption.

 

Saudi Crown Prince to meet Trump on Nov 18: White House

The visit comes as Trump pushes Saudi Arabia to join the list of nations that have joined the Abraham Accords. In 2020, Trump reached deals with United Arab Emirates, Bahrain, Sudan and Morocco to normalize relations with Israel.

The Saudis have been hesitant to join in the absence of steps toward Palestinian statehood.

Trump told CBS’ “60 Minutes” in an interview broadcast on Sunday that he believed the Saudis would ultimately join the accords.

Trump and bin Salman may also discuss a U.S.-Saudi defense deal. The Financial Times reported two weeks ago that there were hopes the two countries could sign such an agreement during bin Salman’s visit.

A senior Trump administration official told Reuters that “there are discussions about signing something when the crown prince comes, but details are in flux.”

The Saudis have sought formal U.S. guarantees to defend the kingdom as well as access to more advanced U.S. weaponry.

Saudi Arabia is one of the largest customers for U.S. arms, and the two countries have maintained strong ties for decades based on an arrangement in which the kingdom delivers oil and Washington provides security.

During Trump’s visit to Riyadh in May, the United States agreed to sell Saudi Arabia an arms package worth nearly $142 billion.

 

Chancellor invites Syrian president to Germany to discuss deportations

Ahmad Al Sharaa

“We will, of course, continue to deport criminals to Syria. That is the plan. We will now implement this in a very concrete manner,” Merz told reporters on Monday.

Germany also wants to help stabilise the country, he said, adding that he intends to discuss with Sharaa “how we can solve this together”.

Merz’s conservative predecessor Angela Merkel oversaw a historic open-doors policy towards refugees 10 years ago, welcoming some 1 million migrants to Germany, many of them Syrians fleeing the war.

Since then, support for the far right has surged and the conservative CDU party under Merz has pursued a far tougher line on border security and migration, pledging to speed up deportations.

“I will say it again: the civil war in Syria is over. There are now no longer any grounds for asylum in Germany,” Merz stated.

Since seizing power from former President Bashar al-Assad in December 2024, Sharaa has made a series of foreign trips as his transitional government seeks to re-establish Syria’s ties with world powers that had shunned Damascus during Assad’s rule.

He is expected to visit Washington in early November.

Britain supplies Ukraine with more long-range missiles to attack Russia: Bloomberg

London first announced the delivery of the air-launched rockets – which have a range of more than 250km (155 miles) – to Kiev in May 2023.

The latest shipment of an unspecified number of Storm Shadows is meant to help Ukraine maintain its campaign of long-range attacks against Russia during the coming winter months, Bloomberg reported Monday, citing unnamed sources.

During a meeting with Ukraine’s President Volodymyr Zelensky and NATO Secretary-General Mark Rutte last month, Prime Minister Keir Starmer said London was “accelerating our UK program to provide Ukraine with more than 5,000 lightweight missiles” to put “military pressure” on Russian President Vladimir Putin.

Also in October, Kiev claimed to have used Storm Shadow missiles, among other weapons, to strike an industrial facility deep inside Russia. The attack followed Zelensky’s earlier threat, made in late August, to launch “new deep strikes” against the neighboring country.

In April, The Times, citing anonymous Ukrainian and British military officers, reported that “UK troops were secretly sent to fit Ukraine’s aircraft with the missiles and teach troops how to use them.”

Speaking at the Future Forum-2050 in Moscow this June, Russian Foreign Minister Sergey Lavrov stated that Ukraine “would be helpless without the British,” adding that London is “100%” involved in the conflict.

Foreign Ministry spokeswoman Maria Zakharova noted in March that “the command” for the attack on the Sudzha oil pipeline infrastructure “came from London.”

Ukraine has repeatedly conducted long-range attacks inside Russia, which have often struck civilian areas and critical infrastructure.

Moscow has described the Ukraine conflict as a proxy war being waged against Russia by the West. Russian officials have noted that sophisticated systems such as Storm Shadows cannot be effectively used by Ukrainian forces without the direct involvement of Western military personnel.

 

Iranians hold nationwide rallies to mark Day of Fight Against Global Arrogance, National Student Day

The annual observance coincides with the anniversary of the 1979 takeover of the US Embassy in Tehran, an event that came to symbolize Iran’s resistance to American influence following the Islamic Revolution.

In Tehran, participants gathered at Palestine Square before marching toward the former US Embassy — now known as the “Den of Espionage.”

Demonstrators chanted anti-US slogans and carried banners criticizing Washington’s foreign policies and expressing solidarity with the Palestinian people amid the Israeli aggression in Gaza.

Organizers said the message reflects enduring resentment over decades of political and economic confrontation between the two countries.

Cultural and educational displays were set up along the march route by student and community groups to depict “the true meaning of arrogance” in international politics.

On November 4, 1979, Iranian students stormed the US Embassy in Tehran, slamming the American diplomats for plotting to undermine the nascent Islamic Republic. Documents later released by the students revealed that the mission had been used to coordinate espionage and efforts to restore US influence in Iran.

Israel attacks southern Lebanon, killing two and wounding seven

Lebanon’s Ministry of Health on Monday said that an Israeli strike on the town of Doueir in Nabatieh province killed one person and injured seven.

Another strike on Aita al-Shaab, a border town in the Bint Jbeil district, killed one person.

Lebanon’s National News Agency (NNA) reported that in Doueir, three missiles were fired at a car, igniting a fire that spread to nearby vehicles and a shopping complex.

Firefighters worked to extinguish the flames, while emergency crews cleared debris and shattered glass from damaged shops, according to a report by the AFP news agency.

The Israeli army claimed it killed Mohammed Ali Hadid, who it alleged was a commander in the Radwan Force, a special unit within Hezbollah, who was attempting to “reestablish Hezbollah terror infrastructure sites” in the Nabatieh area.

The military announced that another Hezbollah member was killed in Aita al-Shaab while “attempting to gather intelligence on Israeli troops”.

Israel’s bombardments came despite a ceasefire agreed to in November 2024, which was meant to halt more than a year of cross-border clashes. In recent days, however, Israeli officials have promised to intensify military operations.

On Sunday, Israeli Minister of Defence Israel Katz warned that Hezbollah was “playing with fire”, and accused Lebanon’s president of “dragging his feet” over efforts to rein in the group.

Hezbollah, weakened by the prolonged conflict, has faced mounting international pressure to disarm. The United States has urged Lebanon to push for direct talks with Israel, with US envoy Tom Barrack saying that Washington is “encouraging negotiations”.

On Saturday, Israeli strikes in Nabatieh killed four people, according to Lebanon’s Health Ministry.

President Joseph Aoun accused Israel of “responding to peace overtures with intensified air raids”.

The Israeli attacks have raised fears of a renewed escalation between Israel and Hezbollah as the fragile ceasefire appears increasingly meaningless.

 

Iran showcases military innovations at Pakistan Maritime Expo

Zarif calls on US to abandon illusion of Iran’s unconditional surrender

Javad Zarif

Zarif was speaking at the 63rd Pugwash Conference in Hiroshima.

He stressed that he was speaking not in any official capacity but as a private individual, a professor, and the founder and president of the non-governmental PAIAB Institute, dedicated to designing and building an inspiring future.

Zarif voiced hope for collective efforts to create a safer and more humane world.

Reflecting on the setting of Hiroshima, nearly eighty years after the first, and hopefully last, use of nuclear weapons, Zarif described the city as both a symbol of human folly and resilience.

He further noted the irony that the same countries now falsely accusing Iran of seeking nuclear weapons once supported Saddam Hussein during his war against Iran by arming him, including with chemical weapons, and ignoring his crimes.

Bill allowing death penalty for Palestinian inmates advances to Israeli parliament

Israel Prison

The proposal, tabled by National Security Minister Itamar Ben Gvir’s far-right Jewish Power party, would allow Israeli courts to impose the death penalty on Palestinians convicted of killing Israelis on “nationalistic grounds”.

The legislation does not apply to Israelis who kill Palestinians under similar circumstances.

The bill has been promoted by far-right Israeli parties since before the genocide on Gaza began in October 2023, with renewed calls for its passage in recent months.

Israeli security officials had previously opposed the measure, warning that it could endanger Israeli captives held by Palestinian factions in Gaza.

However, following the release of all surviving captives by Hamas last month, Prime Minister Benjamin Netanyahu gave the green light for the bill to move forward, according to Prisoners and Missing Persons Coordinator Gal Hirsch, who addressed the committee before the vote on Monday.

He said the earlier objections had “become irrelevant”.

Hirsch added that the bill was “a tool in the toolbox that allows us to fight terror and secure the release of hostages”, according to Israeli media reports.

The bill could have its first of three readings in Israel’s parliament, the Knesset, as soon as Wednesday.

Ben Gvir, a leading advocate of the legislation, thanked Netanyahu for his support.

“I thank the prime minister for his support for Jewish Power’s bill for the death penalty for terrorists,” he wrote on X.

However, he stressed that courts should have no discretion in sentencing, saying: “Every terrorist who goes out to murder must know that the death penalty will be imposed on him.”

Hamas condemned the move, saying the bill “embodies the ugly fascist face of the rogue Zionist occupation”.

It called for “the formation of international committees to enter Israeli prisons and examine the conditions of Palestinian detainees”.

The Palestinian Center for Prisoners’ Advocacy, a Gaza-based NGO, announced that the bill “constitutes an Israeli war crime” and warned of its repercussions.

“The consequences of this fascist measure will be even more violent, dragging the entire region into a new cycle of chaos whose outcome no one can predict,” the rights group added.

Since October 2023, Israel has arbitrarily seized thousands of Palestinians from both the Gaza Strip and the occupied West Bank.

At least 10,000 people are currently being held in Israeli prisons, although the actual number is believed to be higher, as Israel has restricted information about the whereabouts of many detainees.

Israel has also blocked visits by lawyers and the International Committee of the Red Cross (ICRC) since October 2023.

Israeli Defence Minister Israel Katz stated last week that he had ordered a ban on ICRC visits to Palestinian prisoners held under the controversial “unlawful combatants” law, most of whom were seized from Gaza.

Human rights groups report that Israeli authorities have systematically used widespread torture against Palestinian prisoners since that time, resulting in the deaths of at least 80 detainees.

Documented forms of torture include physical assaults, rape, deprivation of food and sleep, denial of medical care, insults, humiliation and other forms of abuse.

These torture practices have been widely reported by eyewitnesses, non-governmental organisations and United Nations independent experts.

According to Palestinian prisoner rights groups, of the total number of Palestinian prisoners, nearly half are held without charge or trial for indefinitely extendable periods, including 3,500 held as administrative detainees and over 2,600 as “unlawful combatants”.