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Iraq Shifts Strategy to Ship Oil Through Strait of Hormuz

Iraq has arranged for an oil tanker to transit the Strait of Hormuz as the war between the US and Iran severely disrupts regional exports.


Iraq has shifted its oil export strategy by arranging for a tanker to pass through the Strait of Hormuz, news agency Bloomberg reported.

According to a report by The National, Baghdad's move comes as the war between the United States and Iran chokes oil exports and disrupts maritime traffic in the Gulf region. Under this approach, Iraq is working to move shipments through the Strait of Hormuz despite disruptions to commercial trade routes.

Further details regarding the volume of oil to be transported, the tanker's identity, or the next steps in the strategy's implementation have not yet been released.

Sources: thenationalnews.com, Bloomberg.com

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