Macro Finance
Saudis in Talks to Formalize Hormuz Shuttles in Fight for Market
Bloomberg Markets·October 8, 2026·1 min read
Saudi Arabia is negotiating long-term contracts with customers to load oil outside the Strait of Hormuz next year, formalizing a system used during the Iran war. The move aims to secure greater market share and reduce reliance on the strategic waterway, according to sources familiar with the talks.
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