Iran has set the official selling price (OSP) of its Iranian Light grade for its Asian buyers at $9.50 above the Oman/Dubai average for September, up $0.60 from the previous month, the National Iranian Oil Company (NIOC) reported on Sunday. Iran is nursing a battered economy, with its currency hitting its lowest value ever after the US withdrew from the nuclear deal. Earlier this month, the US sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the sale of millions of dollars’ worth of Iranian oil for shipment to East Asia. The sanctions also come ahead of OPEC+ meetings that begin this week, where the US and European nations ha
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