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Saudi Aramco offers Red Sea route option for oil buyers as Hormuz faces lengthy disruptions

Saudi Aramco offers Red Sea route option for oil buyers as Hormuz faces lengthy disruptions

by AIP Online Bureau | Mar 16, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The other option is to receive oil from the Persian Gulf, but at the risk of not getting any if the strait remains closed, said the traders. Saudi Arabia is giving long-term oil customers the option of receiving their allocations for April via the Red Sea port of...

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