Abu Dhabi National Oil Co. (ADNOC) will sell offshore crude oil for collection outside the Strait of Hormuz at levels indexed to the Dubai benchmark, according to a price sheet seen by Bloomberg.

This pricing adjustment supports alternative export routes that bypass the strategic chokepoint, enhancing supply security for buyers. The Dubai benchmark, a key pricing reference for Middle Eastern crude, will now apply to cargoes loaded at ports such as Fujairah on the Gulf of Oman.

By decoupling pricing from Hormuz transit risks, ADNOC aims to maintain market access during potential disruptions. The move reflects broader Gulf efforts to diversify export infrastructure amid geopolitical tensions. Industry analysts note this could strengthen Dubai's benchmark relevance while offering buyers more flexible delivery options.