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Iraqi crude exports surge to 2.34 million bpd as Hormuz access improves

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  • Iraqi crude exports climbed sharply in August after more tankers reached export terminals.
  • August exports reached roughly 2.34 million barrels per day, up from 1.35 million bpd in July.
  • SOMO offered Basrah cargoes at $25-to-$30-per-barrel discounts on a free-on-board basis.
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