[Hormuz Strait Situation Restricts Transportation, Saudi Arabia Raises Oil Prices to Record Premium Levels] BlockBeats News, April 6: As Iran nearly shuts down the Hormuz Strait, restricting regional energy transportation, and the uncertainty surrounding the duration of the conflict causes market turbulence, Saudi Arabia has raised its crude oil prices sold primarily to Asia by $17 per barrel compared to last month, reaching a record-high premium level over the Oman/Dubai average. Saudi Aramco has set the official selling price for its Arab Light crude oil for May deliveries to Asia at a premium of $19.50 per barrel over the Oman/Dubai average, an increase of $17 per barrel compared to last month.