Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
P2P Loan
Grow your wealth in fiat investment
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards

Iraq Offers Up to $33.40 Per Barrel Discount on Basra Crude to Buyers Transiting Strait of Hormuz

GateNews
Commodities
According to a notice from Iraq's State Organization for Marketing of Oil (SOMO) dated May 3, Iraq is offering substantial discounts on its flagship Basra crude to long-term contract buyers willing to transit the Strait of Hormuz to collect shipments. For crude loaded between May 1-10, the discount reaches $33.40 per barrel; the discount narrows to $26 per barrel for shipments after May 10. Heavy Basra crude carries a $30 per barrel discount. The notice states that force majeure clauses do not apply to the May pricing scheme.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

05-05 01:06
U.S. Crude Oil Exports Rise to 5.2M Barrels Per Day in April, Up 30% Since February
05-04 13:09
Bitcoin Reverses From $80,594 High to $79,000 After Iran Missile Report; Oil Spikes 5%
05-04 10:16
WTI Crude Hits $108/Barrel, Up 5.73% Intraday; Brent Rises to $112
05-04 08:00
WTI Crude Oil Breaks Through $104 Per Barrel, Up 1.81% Intraday
05-03 22:41
US Stock Futures Gain 0.2%, Oil Falls 2% on Iran Deal Prospects
In-Depth Analysis

Iran fired 15 missiles at the UAE, and the U.S. military sank 6 speedboats: first fighting after the Hormuz 4/8 ceasefire

ChainNewsAbmedia05-05 00:15

Middle East tensions escalated, US stocks pulled back from their highs, and Bitcoin held steady around $80,000.

ChainNewsAbmedia05-04 23:53

Geopolitical negotiations intertwined with dovish data expectations: structural observations in the crypto market this week

Gate Instant Trends05-04 07:23
Comment
0/400
No comments