Iraq ships crude through Hormuz amid shifting routes
Iraq's use of new oil shipping routes coincides with recovering Gulf crude flows and potential erosion of Iran's leverage over the strategic strait.
Palanor Wire · composed from 3 outlets · every claim links to its sources
What happened
Iraq transported 2 million barrels of crude through the Strait of Hormuz. 12 The shipments moved through the strait rather than delivering at the port of Basra. 1 At least 16.5 million barrels per day of crude left the Persian Gulf region between September 1 and 28. 3 Gulf crude flow has recovered to near-prewar levels. 3
Why it matters
Much of the oil is reaching markets through routes and shipping arrangements that did not exist before the war. 3 The new shipping arrangements raise questions about whether Iran is losing its leverage over the Strait of Hormuz. 3
Sources · 3
[1]Iraq says it transported 2 million barrels of crude through Strait of Hormuz reut.rs/4jmlAOL
Reuters · Bluesky
[2]Iraq says it transported 2 million barrels of crude via Strait of Hormuz
business-standard.com · via Marketaux
[3]Iran Is Losing Some of Its Leverage Over the Strait of Hormuz
OilPrice.com
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