Iraq Slashes Oil Prices for Buyers Willing to Transit Hormuz

Iraq is offering its term buyers huge discounts for crude loaded this month, but tankers will have to transit the Strait of Hormuz to collect the barrels deep inside the...

By Yongchang Chin, Rong Wei Neo · Bloomberg Markets

Iraq is offering its term buyers huge discounts for crude loaded this month, but tankers will have to transit the Strait of Hormuz to collect the barrels deep inside the Persian Gulf just as hostilities flare in the region.