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Economy News

The Economic Times

Economy / The Economic Times

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Iraq oil exports surge, India set to benefit as Hormuz flows ease

Iraq's oil exports increased significantly in August and September. This rise followed wide profit margins and Iranian tanker passage approvals. Buyers were incentivized by substantial discounts offered on Iraqi crude oil. Major importers like China and India are receiving more heavy crude. Shipments are improving supply to key Asian markets.

3 Sep 2026 7:34 am