11:08 AM EDT, 08/28/2026 (MT Newswires) -- Saudi Arabian Oil Co. (SASE:2222), d/b/a Aramco, sold 4 million barrels of Arab Medium and Heavy crude to PetroChina despite the Strait of Hormuz's effective closure, Bloomberg News reported Friday, citing traders familiar with the matter. The crude was sold to the Chinese refiner for loading in September at locations outside Hormuz, the report said. Aramco and PetroChina did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.