Iran & Iraq — State Organization for Marketing of Oil

Iran: The Iran war, which began in late February, has caused crude futures and physical oil prices to rise sharply, and its impact on the Strait of Hormuz is a major factor in global supply disruptions.

Iraq — State Organization for Marketing of Oil: Iraq — State Organization for Marketing of Oil>>>, Iraq>>>'s state oil marketer, cut June selling prices for Basrah Medium and Basrah Heavy, indicating its response to market conditions.

Iraq — State Organization for Marketing of Oil: The Iraq — State Organization for Marketing of Oil reported a drastic fall in Iraq's oil exports and revenues due to the Strait of Hormuz closure.

Iraq — State Organization for Marketing of Oil: Iraq — State Organization for Marketing of Oil (SOMO) previously denied any oil mixing operations in Iraq's ports or territorial waters to help Iran, following similar accusations against an Iraqi businessman last year.

Iraq — State Organization for Marketing of Oil: Iraq — State Organization for Marketing of Oil signed export contracts via Turkey, Jordan, and Syria for the Kirkuk-Ceyhan pipeline.