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LATEST

DePIN project Vangrid raises $9 million in token round to build spatial data network for physical AI●Mexico Bans Fracking in Key Shale Basin●FDA approved Moderna's mRNA flu vaccine after initially refusing to review it●Airbnb shares slip ahead of Q2 results as investors look for strong outlook●Travel agency files for bankruptcy, dozens of flights canceled●Honeywell Aerospace stock plunged after missing earnings and slashing its full-year forecast●Honeywell Aerospace shares plunge 26% as supply woes trigger forecast cuts●United Wholesale Mortgage plunges 40% after suspending dividend and raising capital●DePIN project Vangrid raises $9 million in token round to build spatial data network for physical AI●Mexico Bans Fracking in Key Shale Basin●FDA approved Moderna's mRNA flu vaccine after initially refusing to review it●Airbnb shares slip ahead of Q2 results as investors look for strong outlook●Travel agency files for bankruptcy, dozens of flights canceled●Honeywell Aerospace stock plunged after missing earnings and slashing its full-year forecast●Honeywell Aerospace shares plunge 26% as supply woes trigger forecast cuts●United Wholesale Mortgage plunges 40% after suspending dividend and raising capital●

Commodities

Aramco Deepens Asia Oil Discount Ahead of Possible Hormuz Deal

Oilprice.com · 1h ago · 🇸🇦 Saudi Arabia

Aramco Deepens Asia Oil Discount Ahead of Possible Hormuz Deal

Saudi Arabia cut the price of its flagship crude for Asian buyers again as hopes of a deal to move more tankers through the Strait of Hormuz pushed oil prices lower. Saudi Aramco will reduce the September official selling price for Arab Light by 50 cents per barrel, putting it at a $2 discount to the regional benchmark. The cut lands as Iran says an agreement with Oman on a shipping route through Hormuz is in its final stages. Brent crude has dropped to around $80 per barrel, down roughly 20% in two weeks, as traders bet that more Persian Gulf…

Read the full story at Oilprice.com →

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