Iraqi Oil Tankers Allowed to Transit the Strait of Hormuz Following Joint Understandings

mesoiraq - Iranian authorities have granted permission for several Iraqi oil tankers to transit the strategic Strait of Hormuz, in response to repeated official requests from the government in Baghdad. This step falls within bilateral understandings that support Iraq's ambitious efforts to boost its crude oil production and export capacity. In a related context, the Iraqi government is intensifying dialogue with its OPEC partners to increase its production quota, while continuing efforts to diversify export routes through neighboring countries.