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Saudis Raise Oil Price to Record Premium as War Riles Markets

Bloomberg Markets April 6, 2026 at 05:55 AM

Saudi Arabia raised the price of its main oil grade to Asia to a record as Iran’s near closure of the Strait of Hormuz throttles regional energy flows and uncertainty over the duration of the conflict convulses markets.

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Saudis Raise Oil Price to Record Premium as War Riles Markets

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