US is set to import most Middle East crude since Iran war began
US crude imports from the Middle East are reaching their highest levels since the Iran war began. This surge is driven by a brief Strait of Hormuz opening and Saudi oil rerouting. Saudi Arabia is sending crude through the Suez Canal to the United States. This redirection has tightened supplies for Asian refiners seeking American oil. Dozens of empty vessels are now sailing to US ports to load crude oil.