11:54 - 4.07.2022

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July 4, Fineko/abc.az. Iran has lowered its oil prices to compete with Russia in China.

The decline in prices in Iran is explained with the fact that Russia is increasingly dominating the Chinese market, ABC.AZ reports with reference to foreign media.

Traders stated that the price of Iranian oil is slightly lower than $10 a barrel than the price of Brent futures.