Saudi Aramco offers spot crude supplies as Hormuz closure disrupts shipments: Report

DHAHRAN — Saudi Aramco has offered immediate crude oil supplies as the ongoing conflict and closure of the Strait of Hormuz disrupt shipments and force trade flows to be rerouted through the Red Sea.According to a report by Bloomberg citing traders, Aramco is making the crude available through a series of rare spot tenders.The tenders include three grades — Arab Extra Light, Arab Light and Arab Heavy — totaling about 4.6 million barrels offered in recent days.The cargoes were priced at a premium to Aramco’s official selling prices for March, which had been set before the latest escalation in Middle East tensions.