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Basrah crudes rise following US strikes on Iran

Shafaq News 2026/07/09 09:49

Shafaq News-Basrah

Iraq's Basrahcrude rose more than 8% on Thursday, tracking gains in global oil prices after USstrikes on Iran, according to oil price data reviewed by Shafaq News.

Basrah Heavycrude rose 8.49% to $49.22 per barrel, while Basrah Medium crude gained 8.11%to $51.32 per barrel.

Brent crudefutures rose 86 cents, or 1.1%, to $78.88 a barrel by 0352 GMT, while US WestTexas Intermediate crude futures gained 85 cents, or 1.2%, to $74.37 a barrel.

OPEC's basketalso rose to $72.36 per barrel, while UAE's Murban crude gained 6.67% to $73.57per barrel.

Read full story at source (Shafaq News)