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Aramco Cuts Asia Oil Price as Saudi-Backed Forces Target HouthisWorld
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WorldAramco Cuts Asia Oil Price as Saudi-Backed Forces Target Houthis

Saudi Aramco cuts its flagship oil price for Asia to a six-year low as the Iran war weighs on OPEC+ production. Oil flows through the Strait of Hormuz continue to recover despite regional tensions, while Saudi-backed Yemeni forces seek to retake Houthi-held areas. Iran faces mounting economic strain, and the Pentagon redeploys bombers from a UK base. Pakistan says talks tied to the Mecca pact will be held in Riyadh.

BBloomberg Television 2026-10-05 06:47