Iraq’s State Oil Marketing Organization (SOMO): Iraq has set the official selling price (OSP) of Basrah Medium crude for Asia in September at a discount of $4/barrel to the average of Oman/Dubai prices. The OSP for Basrah Medium crude for Europe in September is set at a discount of $4.85/barrel to Brent crude. The OSP for Basrah Medium crude for North and South America in September is set at a premium of $5.1/barrel to Argus Sour Crude Index.
智通财经2026/08/10 09:51Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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The escalation of the US-Iran conflict pushes oil prices close to $100, Asian chip stocks continue to rally with SK Hynix up over 3%, and both gold and silver increase.
The Korea Composite Stock Price Index (KOSPI) rose over 2% intraday, the Nikkei 225 Index increased by 0.3%, and the MSCI Asia Pacific Index overall was up 0.6%. Brent crude oil once surged 1.8% to $99.67 per barrel. The Japanese yen remained strong, appreciating against the US dollar to around 153.4. Spot gold prices rose 0.54% to $4,372.77 per ounce. Spot silver surged more than 1% at one point before retreating to a 0.8% increase, remaining within a volatile triangular range.
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