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Macro Finance

Iraq Struggles to Sell Oil From Basra After Hiking Its Prices

Bloomberg Markets·September 7, 2026·1 min read

Iraq is struggling to find buyers for its crude from inside the Persian Gulf this month after sharply raising barrel prices, a development that could jeopardize a pickup in the nation's oil flows. The pricing hike appears to have deterred potential purchasers, raising concerns about export momentum.

Read at Bloomberg Markets
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