Middle East
IraqIraq Offers Basra Crude Outside Strait of Hormuz for First Time
Iraq's State Oil Marketing Organization (SOMO) has launched a new tender to sell Basra crude for September loading outside the Strait of Hormuz, marking a significant shift in its oil export strategy.
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Iraq Offers Basra Crude Outside Strait of Hormuz for First Time
First report 8h agoLast update 8h ago1 takes 1
new oil export strategyneutralShow 2 posts
started 8h ago•Last update 8h ago
Iraq is exploring new avenues for oil exports by offering Basra crude for loading outside the Strait of Hormuz, potentially to bypass regional tensions.
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