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Iraq, Iran Agree to Resume Oil Shipments via Hormuz

Iraq has reached an understanding with Iran that will allow the resumption of its crude oil exports through the Strait of Hormuz after recent disruptions caused by rising regional tensions.

The agreement is expected to ease movement of oil tankers through the busy waterway, which is critical for Iraq’s export system. Shipping had slowed in recent weeks due to security concerns linked to broader conflicts involving Iran, the United States, and Israel.

Under the arrangement, Iraqi authorities will share detailed information about tankers with Iranian officials before vessels are cleared to pass. This coordination is aimed at reducing risks and ensuring smoother passage through the strategic route.

Reports indicate that large shipments have already begun moving again, with two supertankers carrying close to two million barrels each recently permitted to sail through the strait.

The development marks one of the first major export movements since the disruption began.

Officials in Baghdad are now working to secure continued approvals for future shipments as they try to protect oil revenues and stabilize export operations. Since most of Iraq’s crude is shipped through Hormuz, any disruption to the route has a direct impact on the country’s economy.