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Iraq struggles to find crude buyers in the Persian Gulf this month due to significant price hikes.
Iraq's State Organization for Marketing of Oil (SOMO) last week cut crude discounts, leading to higher prices. This follows Iraq's strategy several months ago to lower prices in response to high shipping costs and potential risks in the Strait of Hormuz, aiming to attract traders to purchase its crude again. This situation could jeopardize the recovery of the country's oil flows.
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Source：彭博市场 · Source Link
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