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Saudi Aramco Oil Prices Surge Amid Iran War Disruptions

3/30/2026

23 3 Full Breakdown

Summary

Story summary

Saudi Aramco is finalizing pricing for May-loading oil amid disruptions tied to the Iran war.
Traders expect the Arab Light premium to reach about US$40 per barrel, up from US$2.50 in April.
Asia buyers urge Aramco to consider pricing changes, such as indexing to Brent futures.
The closure of the Strait of Hormuz has disrupted flow of Arab Extra Light and Arab Medium, reducing April sales to China and India.

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Story summary

Saudi Aramco is finalizing pricing for May-loading oil amid disruptions tied to the Iran war.
Traders expect the Arab Light premium to reach about US$40 per barrel, up from US$2.50 in April.
Asia buyers urge Aramco to consider pricing changes, such as indexing to Brent futures.
The closure of the Strait of Hormuz has disrupted flow of Arab Extra Light and Arab Medium, reducing April sales to China and India.