The Strait of Hormuz situation restricts shipping, and Saudi Arabia raises oil prices to a record premium level.

BlockBeatNews · 2026-04-06T06:35:50+00:00

BlockBeats News, April 6 — As Iran nearly closes the Strait of Hormuz, restricting regional energy transportation, and market volatility increases due to the uncertainty of the conflict's duration, Saudi Arabia has raised the price of its main crude oil exports to Asia by $17 per barrel compared to last month, reaching a record premium over the Oman/Dubai average. Saudi Aramco has set the official selling price for its Arab Light crude oil to Asia in May at a premium of $19.50 per barrel over the Oman/Dubai average, up $17 per barrel from the previous month.

BlockBeatNews

2026-04-06 06:35:50

BlockBeats message, April 6, as near-closure of the Strait of Hormuz by Iran has restricted regional energy shipments, and uncertainty about how long the conflict will last has kept markets unsettled, Saudi Arabia has raised the price of its main crude oil sales to Asia by 17 dollars per barrel from last month, with the premium level versus the Oman/Dubai average reaching a record high. Saudi Aramco has set the official selling price of its 5th-month Arabian Light crude oil bound for Asia at a premium of 19.50 dollars per barrel over the Oman/Dubai average, up 17 dollars per barrel from last month.

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