Saudi Aramco Cuts Asia Oil Sales Amid Middle East War Disruptions

• Saudi Aramco will reduce oil sales to China and India in April due to ongoing Middle East conflict.
• Exports to China are set at 40 million barrels, down from 48 million in February; India's supply also slightly lower.
• The war between the US, Israel, and Iran has caused crude spikes and forced the near-total closure of the Strait of Hormuz.
• Saudi Aramco rerouted some crude via the Yanbu pipeline, but its capacity is lower than Persian Gulf facilities.
• Brent crude futures rose to $106 a barrel from $72 before the war, indicating significant market impact.