Iraq's SOMO set December Asia OSP on Nov 9 at a $8.80/bbl discount to Oman/Dubai for Basra Medium and $11.80/bbl for Basra Heavy - each $6 deeper than November, following Saudi Aramco's own cut to defend market share. Brent front-month ~$92.07 and WTI ~$86.44 both eased as markets priced in de-escalation. A fresh tanker incident in Hormuz on Nov 11 keeps war-risk premiums elevated.