Basra: Basra crude oil prices, both heavy and medium, rose by more than 6% on Tuesday, coinciding with a rise in global oil prices due to regional events.

According to National Iraqi News Agency, Basra Heavy crude prices increased by $4.25, or 6.30%, to reach $71.72 per barrel, while Basra Medium crude prices rose by $4.25, or 6.12%, to reach $73.67 per barrel.