The July official selling price differential for Iranian Light crude was raised by 20 cents per barrel from June to a premium of $2.20 per barrel to the average of Platts Oman/Dubai crude assessments in July, Platts reported. The term "Platts Oman/Dubai" refers to the physical price of Oman/Dubai crude oil loading through the month of assessment. This is the highest the Iranian Light crude OSP differential has been since August 2014, when it was at a premium of $2.30 per barrel to Platts Oman/Dubai. The Iranian Heavy crude and the Forouzan crude OSP differential was raised by 35 and 36 cents per barrel to Platts Oman/Dubai respectively. The Soroush OSP differential was raised by 55 cents per barrel to a discount of $4.75 per barrel against Oman/Dubai, according to Financial Tribune.