EconomySaudi Oil Shipments Slip in July as Red Sea and Hormuz Risks Grow
Saudi Arabia’s observed crude exports declined slightly in July. Threats to vessel traffic in both the Persian Gulf and the Red Sea restrained the kingdom’s shipments. The simultaneous risks in the two waterways added pressure to Saudi oil deliveries during the month.
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Saudi Oil Shipments Slip in July as Red Sea and Hormuz Risks Grow
Economy