Shafaq News / The prices of Basra Heavy and Intermediate crude oil fell on Tuesday, reflecting a broader decline in global oil prices.
Basra Heavy crude oil prices dropped by $1.16 to reach $73.39, while Basra Intermediate crude oil prices also decreased by $1.16 to $76.39.
Global oil prices experienced a slight decline as traders assess the visit of US Secretary of State Antony Blinken to the Middle East to discuss a ceasefire in the Palestinian Gaza Strip.
Moreover, the United States continued its campaign against Iran-backed Houthis in Yemen, whose attacks on shipping vessels have disrupted global oil trading routes.