Announcing Iran’s oil sales price in June

According to Energy Press, the selling prices of Iranian crude oil for June 2025 were announced by the National Iranian Oil Company. According to this report, the price per barrel of Iranian light crude oil in the markets of northwestern Europe and South Africa has been set at 40 cents higher than the price of North Sea Brent oil in the sixth month of the year, and “heavy crude oil” and “light oil” are also offered in these markets at a price of $1.4 and $1.3 lower than the Brent index, respectively. A similar situation prevails in the Mediterranean market, with Iranian heavy oil and light oil being offered at a price of $1.95 and $1.80 lower than the Brent index, respectively. At the same time, Iranian light oil in this region is priced slightly higher than Brent oil, i.e. 15 cents higher.