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وكالة صدى نيوز
Iraq provides large discount on Basra oil
The Iraqi company SOMO has begun offering significant discounts on Basra crude oil prices to international buyers in an attempt to attract demand. The discounts range from $14 to $18.80 per barrel, depending on the shipment type. Despite the challenges related to the Strait of Hormuz and regional shipping movements, the discounts are expected to entice importers. Meanwhile, increasing tensions between the United States and Iran and their impact on the oil markets are affecting shipping operations and global oil prices.
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