Saudi Aramco offers crude outside Hormuz to some Asian refiners, sources say

August 18th 2026
Disruption in supplies from the Strait of Hormuz and Red Sea, due to the U.S.-Israeli war on Iran and attacks on vessels by Yemen's Houthis, has curtailed Aramco's market share in key consuming markets…- Devon takes FID on 4.5-bcfd Permian pipeline
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