هەواڵ
SOMO offered Basra crude at steep discounts for May shipments through the Strait of Hormuz under term contracts. Pricing varies by loading point. The move reflects pressure on exports due to ongoing security risks threatening tanker traffic in the key global oil route.
بڵاوکراوەتەوە لە : 6 ئایار 2026
قەبارەی دەقەکان
قەبارەی دەقەکان
Under long-term contracts, Iraq is selling Basra Medium crude at discounts of around $33.40 per barrel and Basra Heavy at about $30 per barrel below the official selling price, with loadings scheduled between May 10 and May 31.
The sales are based on delivery at Basra ports and offshore terminals, both linked to the Strait of Hormuz. Final pricing depends on the destination of shipments.
The move highlights growing pressure on Iraq’s oil exports due to persistent security risks affecting tanker routes in the Strait of Hormuz, one of the world’s most critical oil transit chokepoints, especially following heightened regional tensions.
