Iraq Scrambles to Stabilize Exports as Iran Grants Passage
Iraq has asked its oil-buying clients to submit loading schedules in the next 24 hours, Reuters has reported, citing a document from Baghdad’s oil marketing company SOMO. The report follows another one, from the Financial Times, which said on Sunday that the Iranian army has allowed Iraqi vessels to pass through the Strait of Hormuz. The report cited Kpler data showing that the Ocean Thunder, carrying 1 million barrels of Basra heavy, had passed through the chokepoint. “Brotherly Iraq is exempt from any restrictions we have imposed…