World
IRAQ MOVES 2 MILLION BARRELS OF CRUDE THROUGH STRAIT OF HORMUZ
Iraq’s state owned Oil Tankers Company says it has successfully transported 2 million barrels of Iraqi crude through the Strait of Hormuz aboard a very large crude carrier. The company’s director general described the operation as the first of its kind carried out by the state tanker company in decades. The shipment comes at a sensitive time for Gulf energy exports as security concerns and regional conflict continue to disrupt shipping through the Strait of Hormuz. The operation highlights Iraq’s efforts to strengthen its own crude transportation capacity and maintain access to international oil markets.
BigV•2h ago•1 min read