India, July 6 -- US-Israel-Iran War Latest News: Saudi Aramco has announced its largest reduction in oil prices for Asian buyers in at least 26 years, signaling intensifying competition in the global crude market. The move comes as oil-producing nations increase supply and demand concerns continue to weigh on international energy markets.

The state-owned energy giant reduced the official selling price (OSP) of its flagship Arab Light crude for August deliveries by $11 per barrel, bringing it to a $1.50 discount against the regional benchmark. The price cut was significantly larger than market expectations and reflects growing pressure among major exporters to retain market share in Asia.

US-Israel-Iran War Latest News: Why Did Saudi Ara...