Zero Saudi crude imports to the US in July reflect geopolitical tensions and supply disruptions in the Persian Gulf.
The US imported no crude oil from Saudi Arabia in July, the first full-month halt since 1985, according to preliminary government data. The drop follows heightened US-Iran tensions disrupting flows through the Strait of Hormuz, a critical chokepoint for global oil shipments.
Prior to July, US imports of Saudi crude averaged over 400,000 barrels per day in 2024. The last comparable halt occurred during the 1990 Gulf War. Oil benchmarks are on track for an 8% weekly loss amid broader demand concerns.
Markets remain focused on supply risks, though the immediate price reaction has been muted by weaker macroeconomic outlooks.