SINGAPORE, June 25 (Reuters) - Middle East crude benchmark Dubai and Oman discounts remained at lowest since 2020, with mounting supply pressure from more active shipping activities through the Strait of Hormuz.

U.S. Energy Secretary Chris Wright told a forum that flows through the Strait of Hormuz were close to the levels seen before the start of the Iran war, with at least 20 million barrels having exited the strait in the last 24 hours.

A return to complete normalcy would take a few weeks, however, because the strait needs to be demined, he added.

Oil prices hit their lowest since February 27 on Thursday. O/R

Traders are also waiting for the result of the fourth tender by Abu Dhabi National Oil Company, after it sold at least 48 million barrels of crude from the United Arab Emirates in its first three tenders this month. O/TEND

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps was unchanged at minus $1.64 a barrel.

PRICES ($/BBL)

NEWS

China will raise the amount of refined fuel its state-owned refiners are allowed to export in July from June, three industry sources briefed on the plan said.

China's state-owned refiners are considering resuming Iranian oil purchases, but competing alternative supplies and falling domestic fuel demand will temper their interest, said several industry sources.

Iraq will consider all available options if its OPEC quota is not significantly increased and has weighed leaving the producer group, sources with knowledge of Iraqi oil policy told Reuters.

Middle Eastern fuel oil exports are set to rebound to a four-month high in June as Iraq and Saudi Arabia diverted supply to other ports while shipments through the Strait of Hormuz are set to pick up, according to trade sources and shipping data.

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