Iran Cuts July Crude Premium to $7.15 per Barrel
Iran's state‑owned National Iranian Oil Company announced on Monday that the official selling price for its light crude oil to Asian customers for July deliveries will carry a premium of $7.15 per barrel above the Oman/Dubai average. This premium represents a decrease from the June pricing, when the company charged a $13 per barrel premium for the same grade of crude. The adjustment applies specifically to July deliveries and reflects the new pricing framework set by the NIOC for the Asian market.