Saudi Arabia , through its oil giant Aramco , is expected to slash its official selling price for Arab Light crude destined for Asia in June, trimming the premium from a record $19.50 to a range of $7.50‑$14.50 over the Oman/Dubai average. The cut, driven by easing Middle Eastern benchmarks, could reduce the OSP by $5‑$12 per barrel. Saudi Arabia, the world's top crude exporter, typically announces next‑month pricing around the fifth of each month, following OPEC+ meetings that set market stability. The June announcement comes after a May surge that pushed the premium to its highest ever level, though it fell short of the $40 per barrel premium some traders had anticipated. According to a Reuters survey of industry sources, the Arab Light grade is expected to trade at a premium of $7.50‑$14.50 over the Oman/Dubai benchmarks for June, down from the May record of $19.50. The survey also indicates that all other Saudi grades will see similar reductions of $5‑$12 per barrel. The wide $7 per barrel gap in expectations reflects uncertainty among Asian traders as the Strait of Hormuz remains closed and only the Yanbu port is regularly shipping light crude. Charles Kennedy of Oilprice.com noted that the market's wide gap suggests uncertainty about Saudi Arabia's June pricing approach, given the ongoing closure of the Strait of Hormuz and limited shipping from Yanbu. He added that the premium for May was the highest ever in Saudi pricing, yet still below the $40 per barrel premium some refiners and traders had expected.