WANA (Jul 13) – The National Iranian Oil Company (NIOC) has released its official selling prices (OSPs) for various grades of crude oil for July 2025, showing a notable increase in prices across key markets compared to previous months.

 

Asia-Pacific Market

In the Asian market, where the pricing benchmark is based on the average of Oman/Dubai crude oil, Iranian Light Crude is priced $1.50 above the base price. This represents a continued premium, though slightly lower than last month.

  • Iranian Light Crude: +$1.50 over Oman/Dubai
  • Foroozan Crude: +$0.05 over Oman/Dubai
  • Iranian Heavy Crude: −$0.20 below Oman/Dubai

 

Northwest Europe & South Africa

In Northwest Europe and South Africa, Iranian Light Crude will be sold at $2.20 above Brent, reflecting a significant increase from the previous month.

  • Iranian Light Crude: +$2.20 over Brent
  • Iranian Heavy Crude: +$0.40 over Brent
  • Foroozan Crude: +$0.50 over Brent

 

This marks a shift, as Iranian crude was priced slightly below Brent in these regions in previous months.

 

Mediterranean Market

In the Mediterranean, price differentials are as follows:

  • Iranian Light Crude: +$2.00 over Brent
  • Foroozan Crude: equal to Brent
  • Iranian Heavy Crude: −$0.15 below Brent

 

NIOC adjusts its monthly selling prices based on market trends and regional benchmarks. These July prices suggest Iran is leveraging improved demand and regional dynamics to enhance the value of its crude exports.