The U.S. Didn’t Buy a Drop of Saudi Oil in July — the First Time in 41 Years
- Posted on August 7, 2026
- By AOL
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- 1 min read
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The U.S. Didn’t Buy a Drop of Saudi Oil in July — the First Time in 41 Years
Energy markets have spent 2026 relearning a lesson investors forget in calm years: supply chains built over four decades can unravel in four months. The Strait of Hormuz shutdown scrambled Middle East crude flows, a U.S. naval blockade briefly cut Venezuela off from the water entirely, and Washington has spent the past several months rewriting ... The U.S. Didn’t Buy a Drop of Saudi Oil in July — the First Time in 41 Years
