Iran cuts July crude oil premium for Asia to $7.15 a barrel

Investing.com -- Iran reduced the official selling price for its light crude oil to Asian customers for July deliveries. The National Iranian Oil Company announced Monday that the premium will be set at $7.15 per barrel above the Oman/Dubai average.

The new pricing represents a decrease from June, when the state-owned company charged a premium of $13 per barrel for the same grade.

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