Iran allows Iraqi oil tankers passage through Strait of Hormuz

Iran has authorized the passage of several Iraqi oil tankers through the critical Strait of Hormuz, a significant move announced by the state-run IRNA news agency. This decision follows a recent visit to Baghdad by Iranian Parliament Speaker and chief negotiator, Mohamad Baqer Qalibaf.

IRNA reported that the Islamic Republic of Iran, "despite being subjected to the most severe military actions and intense insecurity generated in the Strait of Hormuz by the hostile actions of the United States of America," has granted this permission. The agency did not provide further specifics regarding the number of vessels or the exact terms of the agreement.

The development is particularly relevant for Iraq, which has been struggling with oil transportation challenges due to the absence of a national shipping company. During Qalibaf's visit, Iraqi Parliament Speaker Haibat al-Halbousi had specifically requested special status for Iraq's oil exports via the Strait of Hormuz to safeguard its economic interests. Al-Halbousi emphasized that Iraq is among the countries most affected by regional circumstances and events.

In response to such requests, the passage of some Iraqi oil tankers through the Strait has been facilitated, according to Iraq's national news agency INA. To circumvent reliance on the Strait of Hormuz, the Iraqi cabinet has also approved mechanisms for exporting crude oil through international and local specialized companies via multiple channels. Iraq, a major oil producer and a key member of OPEC, heavily relies on crude exports for government revenue. The Strait of Hormuz, situated between Iran and Oman, remains a vital global chokepoint for oil and gas transport and a focal point of tension in U.S.-Iran relations.