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Saudis in Talks to Formalize Hormuz Shuttles in Fight for Market
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarCommodities & Raw MaterialsTrade Policy & Supply Chain
Saudi Arabia is discussing long-term contracts for oil loadings next year outside the Strait of Hormuz. The plan would formalize a system used during the Iran war as the kingdom seeks to expand market share; no volumes or contract terms were reported.
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