US crude oil exports hit record high as Asian buyers seek alternatives to Middle Eastern oil

US crude oil exports are projected to reach a record 5.2 million barrels per day in April due to Middle East supply disruptions. Asian buyers are increasing demand for US oil by an estimated 82% as the conflict in Iran impacts traditional supply routes. A significant number of tankers are en route to Asia. Despite a ceasefire, the Strait of Hormuz remains closed, and oil prices remain elevated, causing concern for US consumers and President Trump's administration.