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

2026-04-06 07:05:03

Mars Finance news. On April 6, as Iran’s near-closure of the Strait of Hormuz restrictions limited regional energy transport, and uncertainty about how long the conflict would last kept the market unsettled, Saudi Arabia raised the price of its benchmark crude oil sold primarily to Asia by $17 per barrel from the previous month, with the premium versus the Oman/Dubai average reaching a record high. Saudi Aramco set the official selling price for its May-dated Arab Light crude oil for sale to Asia at a premium of $19.50 per barrel versus the Oman/Dubai average, up $17 per barrel from the previous month.

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