US EditionIran says Iraq exempt from any Strait of Hormuz restrictions
- On Saturday, Iran's military command announced that "brotherly Iraq" is exempt from Strait of Hormuz shipping restrictions. Iraq's state oil marketer, SOMO, immediately requested buyers submit lifting schedules within 24 hours.
- Iran imposed an effective blockade on February 28, forcing Iraqi oil exports to plunge roughly 97% to a daily average of 99,000 barrels in March. The OPEC member relied on limited northern pipeline routes through Turkey.
- The exemption has the potential to unleash as much as 3 million barrels a day of Iraqi oil cargoes. SOMO reaffirmed that the Basrah Oil Terminal and associated facilities remain fully operational and ready to execute all contractual programs.
- Despite the exemption, energy expert Asim Jihad cautioned that risk aversion among global shipping firms remains the primary barrier. "Transit permissions do not guarantee a safe, secure shipping environment," Jihad said.
- President Donald Trump previously threatened that "all hell" would rain down within 48 hours if Iran failed to relinquish control. Meanwhile, Brent crude prices hover above $109 a barrel amid escalating regional tensions.
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Iran War: Will Iran reopen Strait of Hormuz by Trump's deadline?
President Donald Trump has demanded that Iran reopen the Strait of Hormuz by 8 p.m. Tuesday. The Strait of Hormuz is a major shipping lane for oil and fuel. Iran has closed it amid the ongoing conflict in Iran. President Trump has posted strongly-worded threats towards Iran amid negotiations on his Truth Social platform.
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Iran deadline: As tensions escalate, President Trump's deadline for Iran looms, threatening severe consequences if a deal is not reached by 8pm ET. The crisis centers around the critical Strait of Hormuz and potential military action. Will Iran comply or risk devastating retaliation?
Madrid. The spokesman for the main Iranian military command centre at the Central Headquarters of the Seal of the Prophets has assured that Iraq will not be affected by the restrictions imposed by Tehran in the Strait of Ormuz, stressing that these measures are directed exclusively against countries considered hostile. “Iraq is exempt from any restrictions that we have imposed in the Strait of Ormuz. These restrictions apply only to enemy countr…
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