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Iran allows Iraqi oil tankers through Strait of Hormuz
๐Ÿ‡ต๐Ÿ‡พ Paraguay /Economy & Trade

Iran allows Iraqi oil tankers through Strait of Hormuz

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News From a news agency Context piece
  • Iran has permitted several Iraqi oil tankers to transit the Strait of Hormuz, a move that follows a visit by Iranian Parliament Speaker Mohamad Bagher Ghalibaf to Iraq.
  • The official IRNA agency reported the decision despite severe military actions and insecurity in the Strait caused by the United States.
  • This development comes after the Iraqi Parliament Speaker requested special status for Iraq's oil exports through the Strait to protect its economic interests.

Iran has granted permission for "several" Iraqi oil tankers to pass through the Strait of Hormuz, a critical global energy transit route. The decision was reported by the state news agency IRNA, which noted it occurred despite what it described as severe military actions and intense insecurity in the Strait caused by the United States.

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 permission for several Iraqi oil tankers to traverse the Strait of Hormuz.

โ€” IRNAQuoted by the state news agency IRNA, detailing Iran's decision to allow Iraqi oil tankers passage.

The move follows a recent visit to Baghdad by Iranian Parliament Speaker and chief negotiator Mohamad Bagher Ghalibaf. During his visit, Iraqi Parliament Speaker Haibat al-Halbousi reportedly asked Ghalibaf for Iraq to have a "special status" regarding oil exports through the Strait to safeguard its economic interests.

Al-Halbousi emphasized that Iraq is one of the countries most affected by regional circumstances. In an effort to bypass the Strait of Hormuz, the Iraqi cabinet had previously approved mechanisms for exporting crude oil through international and local companies via multiple channels.

special status in what concerns the export of oil through the Strait of Hormuz, in order to safeguard its economic interests

โ€” Haibat al-HalbousiThe Iraqi Parliament Speaker's request to Iran's Parliament Speaker during a visit to Baghdad.

Iraq, the second-largest oil producer in OPEC, relies heavily on crude oil exports for government revenue. The Strait of Hormuz, situated between Iran and Oman, is a vital waterway for oil and gas transport and has become a focal point of tension in the conflict between the United States and Iran.

one of the countries most affected by the circumstances and events in the region

โ€” Haibat al-HalbousiThe Iraqi Parliament Speaker's justification for requesting special status for oil exports.
DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.