Petronas-chartered tanker loaded with Iraqi crude passes through Hormuz
The Ocean Thunder carried about 1 million barrels of Basrah Heavy crude after Iran exempted Iraq from Strait of Hormuz restrictions.
- On Sunday, the Ocean Thunder Suezmax tanker transited the Strait of Hormuz carrying about 1 million barrels of Iraqi crude oil under a special exemption granted by Iran.
- Iran's Khatam al-Anbiya Central Headquarters granted this exemption to "brotherly Iraq" on Saturday, citing respect for its national sovereignty while applying controls to "enemy countries."
- Maritime traffic in the strait has gradually increased, with 53 transits recorded last week; vessels linked to France, Japan, and Malaysia also received clearance to traverse the route.
- Since U.S. and Israeli strikes began on February 28, Iran has effectively blockaded the waterway, keeping Brent crude prices hovering above $109 a barrel.
- Ship traffic remains down more than 90 percent from normal levels, though data from the last 24 hours suggests a potential recovery as analysts monitor Tehran's next moves.
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The Ocean Thunder loaded about 1 million Basrah Heavy oil barrels on 2 March and has to download its cargo in Pengerang, Malaysia, in mid-April, according to Kpler data
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Tanker loaded with Iraqi crude passes through Hormuz, shipping data shows
LONDON: An oil tanker loaded with Iraqi crude was seen passing through the Strait of Hormuz close to the Iranian coast a day after Iran said Iraq was exempt from any restrictions to transit the vital sea route, data from LSEG and Kpler showed. The Ocean Thunder loaded about 1 million barrels of Basrah Heavy crude on March 2 and is expected to discharge its cargo in
Iraqi crude tanker passes through Strait of Hormuz after Iran transit exemption
Recent maritime activity has unveiled the presence of the oil tanker Ocean Thunder, navigated through the Strait of Hormuz while transporting a hefty load of Basrah Heavy crude from Iraq. The timing of this journey aligns with Iran's recent declaration of Iraq's freedom from transit limitations, emphasizing the region's vital role in global energy trade.
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