Iran Allows Iraqi Ships To Use Strait Of Hormuz As Total Weekly Transits Reach Highest Since War Began
In a potentially major move for global crude supplies, Iran’s military said major oil producer Iraq is exempt from shipping restrictions in the Strait of Hormuz. The declaration has the potential to unleash as much as 3 million barrels a day of Iraqi oil cargoes
SAT APR 4, AT 9:57 PM
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In Charts: US Does Not Rely On Strait Of Hormuz Oil While Asia Stands To Lose
Japan, South Korea, and India relied on the Gulf nations for at least half of their imports in 2024.