US EditionIran says Iraq exempt from any Strait of Hormuz restrictions
Iran said the exemption could allow up to 3 million barrels a day of Iraqi oil cargoes to move again, according to officials and traders.
- On Sunday, Iran's military announced that 'brotherly Iraq is exempt from any restrictions we have imposed on the Strait of Hormuz,' potentially easing Tehran's blockade of the critical waterway.
- Since the war began on February 28, Iran's blockade has caused Iraqi oil exports to plunge roughly 97% to a daily average of 99,000 barrels in March, forcing producers to halt shipments through the strait.
- Iraq's state oil marketer, SOMO, issued a document on April 5 urging customers to submit lifting schedules within 24 hours to resume operations from the Basrah Oil Terminal.
- Up to 3 million barrels a day of Iraqi oil cargoes could be unleashed by this exemption, offering significant relief to global markets where Brent Crude has recently traded above $109.
- Analysts warn the practical impact remains unclear as shipping firms must decide whether to risk transit, even as Iran continues to reject President Donald Trump's demands to relinquish control of the waterway.
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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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