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The U.S. Didn’t Buy a Drop of Saudi Oil in July — the First Time in 41 Years

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FOMOGRAM Editorial Desk
Aug 7, 2026
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The U.S. Didn’t Buy a Drop of Saudi Oil in July — the First Time in 41 Years
EXECUTIVE SUMMARY

A 40-year streak just snapped, and it happened fast enough that most investors missed it entirely. The forces reshaping U.S. crude imports in 2026 point to a handful of refiners and one major sitting at the center of a political and commodity storm.

A 40-year streak just snapped, and it happened fast enough that most investors missed it entirely. The forces reshaping U.S. crude imports in 2026 point to a handful of refiners and one major sitting at the center of a political and commodity storm.

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