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Saudis in Talks to Formalize Hormuz Shuttles in Fight for Market

Saudi Arabia is in talks with customers to offer oil loadings next year outside the Strait of Hormuz in long-term contra...

By Dhallo News · October 8, 2026 at 2:30 PM IST

Saudi Arabia is in talks with customers to offer oil loadings next year outside the Strait of Hormuz in long-term contracts, formalizing a system the kingdom has been using during the Iran war as it pushes for greater market share.

SOURCE: Bloomberg Markets

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