June 26, 2026

Over $30 a barrel discount, but…: Iraq cuts crude oil prices, if buyers are willing to transit Strait of Hormuz to collect it

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Shipping through the Strait of Hormuz has been severely disrupted since the conflict escalated toward the end of February, and renewed clashes between the US and Iran on Monday have raised fresh concerns.

Shipping through the Strait of Hormuz has been severely disrupted since the conflict escalated toward the end of February, and renewed clashes between the US and Iran on Monday have raised fresh concerns.

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