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Saudi Aramco cuts oil supply to Asia Amid Strait of Hormuz Tensions

Saudi Aramco has confirmed that it will cut crude oil supplies to Asian buyers for the second consecutive month in April 2026, citing tensions in the Strait of Hormuz and shipping disruptions. To mitigate risks in the Strait of Hormuz, Saudi Aramco is attempting to transport oil from its Persian Gulf fields to the Yanbu port on the Red Sea via its East-West Pipeline. This supply reduction has heightened market concerns over tight physical crude supply, lending support to international oil prices.

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