Saudi Aramco Cuts Asia Oil Supply for Second Month Amid Strait of Hormuz Disruption

• Saudi Aramco, the world's top oil exporter, has reduced crude supply to Asian buyers for April, marking the second consecutive month of cuts.
• The cuts follow disruptions to trade via the Strait of Hormuz due to the U.S.-Israeli war with Iran.
• Aramco is supplying only Arab Light crude from the Red Sea port of Yanbu to term customers in April, tightening supplies to Asian refineries.
• Saudi Arabia's crude exports in March were 4.355 million barrels per day, down from 7.108 million bpd in February.
• Aramco is attempting to increase crude exports via Yanbu to mitigate the Strait of Hormuz disruption, with March loadings expected to reach record volumes.