Asia Buys Most US Oil in Years as War Blocks Mideast Flows

Asian buyers have scooped up the most US oil in three years, as the Strait of Hormuz crisis spurs a hunt for alternatives to Persian Gulf crude.

A flurry of purchases in recent days has taken the amount of Asia-bound American oil to be loaded in April to about 60 million barrels, according to traders familiar with the deals, who asked not to be named. That’s the most for a month since April 2023, data from Kpler Ltd. and Vortexa Ltd. show.