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Iranian Heavy Crude Price Drops to $81.25 per Barrel in August

Guavy AI Editorial Team
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The Organization of the Petroleum Exporting Countries (OPEC) has released its Monthly Oil Market Report, providing insights into the global oil market. According to the report, Iranian Heavy crude's average spot price stood at $81.25 per barrel in August 2026, down by approximately $0.82 per barrel from July 2026.

This development comes as the average price of Iranian Heavy crude for the year 2026 has been recorded at $91.01 per barrel. The report highlights the fluctuations in oil prices over the past month, with August's pricing being a decrease from the previous month's figure.

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