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Saudi Arabia, the world's top oil exporter, has sharply cut the price of its flagship crude grade for Asian buyers as flows through the Strait of Hormuz have picked up significantly while buyers face elevated freight costs amid the Iran war.
Saudi Arabia, the world's top oil exporter, sharply cut the price of its flagship crude grade for Asian buyers as flows through the Strait of Hormuz accelerate. State producer Saudi Aramco on Sunday lowered the official selling price for November shipments of its Arab Light crude to...