Saudi Arabia Eyes July Oil Price Cut to Asia as Demand Weakens
🛢️ RIYADH — Riyadh lowering prices while Hormuz chokes supply is the contradiction nobody wants to explain. 📌 LOOK CLOSER: Saudi price cuts to Asia signal demand destruction is outpacing the supply shock — buyers are pulling back despite restricted Hormuz flow. Riyadh's move pressures Iran's parallel revenue model and undermines Tehran's leverage narrative that blockade equals premium. It also signals Gulf producers see no quick Hormuz resolution and are competing for market share now.
