Saudi Arabia Latest News and Legal & Political Updates
Houthis struck Aramco's Jizan refinery and Yanbu export terminal on July 25 with dozens of ballistic missiles and drones, the first such strikes on Saudi oil infrastructure since 2022, completing what analysts describe as a dual-chokepoint trap that has pushed Brent back above $100 and left the world's oil supply with nowhere safe to go.
Read Full ArticleSaudi Aramco has cut Arab Light crude prices for Asian buyers by $11 per barrel for August deliveries, the largest single-month price reduction in at least 26 years, as the Strait of Hormuz reopens, Brent retreats to $72, and a global supply surge shifts market power sharply toward buyers.
UAE exits OPEC and OPEC+ from May 1, 2026, aiming higher output and strategic autonomy, reshaping global oil markets and weakening cartel control.
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