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Iran says Iraq exempt from any Strait of Hormuz restrictions
Iran said Iraqi ships may pass the strait as traffic rose to 53 transits last week, according to Lloyd's List Intelligence.
- On Saturday, Iran's Khatam al-Anbiya Central Headquarters announced that Iraq is exempt from shipping restrictions in the Strait of Hormuz, distinguishing "brotherly" Iraq from states deemed hostile.
- Iraqi oil exports plunged by roughly 97% to a daily average of 99,000 barrels in March as the second-largest OPEC producer faced supply chain disruptions through Turkey's pipeline system.
- The exemption could unleash up to 3 million barrels a day of Iraqi oil cargoes, potentially easing global supply pressures. However, an Iraqi official cautioned that usefulness depends on whether shipping companies will risk entering the strait.
- Vessel traffic reached 53 transits last week, the highest since war began, though volumes remain a small fraction of pre-war levels. Tehran's move shifts diplomatic calculations amid uncertainty over market relief timing.
- Iran and Iraq maintain close ties despite a brutal eight-year war in the 1980s, with shared Shia Muslim populations underpinning the current exemption. This distinction separates Baghdad's interests from those of other regional states.
45 Articles
45 Articles
Iran exempts Iraq from Hormuz restrictions as oil hits $111 pb
Iran on Saturday announced the exemption of “brotherly Iraq” from limitations imposed in relation to passage through the Strait of Hormuz. “The restrictions apply only to hostile countries,” the Khatam al-Anbiya Central Headquarters of the Iranian Armed Forces emphasized in a statement. The blockade of the Hormuz Strait and the escalating tensions in the Persian Gulf have caused oil prices to trade near four-year highs as 15-20 million barrels o…
Iran says Iraqi ships can pass Strait of Hormuz as transits tick up
Iran has announced that Iraqi ships are free to pass the Strait of Hormuz, the latest sign of Tehran easing its stranglehold on the critical conduit for global energy supplies. Iraq will be exempt from all restrictions in the strait, with controls only applying to “enemy countries”, Iran’s Khatam…
Iran's military reported that the major oil producer Iraq is exempt from navigation restrictions in the Strait of Ormuz, in a movement that could have significant implications for the global supply of crude oil. "Iraq, a sister country, is exempt from any restrictions we have imposed on the Strait of Ormuz," the Iranian military spokesman said in an Arabic video published by the state agency Islamic Republic News Agency.The statement could allow…
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