Iraq, Pakistan strike energy deals with Iran as Tehran flexes Hormuz control: Report
The agreements secure passage for crude and LNG cargoes as Iran tightens control over a route that normally carries 20% of global oil and gas.
- Iraq and Pakistan have secured separate deals with Iran to ship oil and liquefied natural gas through the Strait of Hormuz, demonstrating Tehran's ability to control energy flows through the critical waterway.
- The U.S.-Israeli war with Iran has cut energy exports from a region supplying 20% of global crude and LNG, forcing nations to negotiate passage to safeguard their economies.
- On Sunday, Iraq secured safe passage for two crude carriers, each carrying about 2 million barrels, while shipping traffic through the strait has plummeted to around 5% of pre-war levels.
- "Iran has shifted from blocking Hormuz to controlling access to it," said Claudio Steuer of the Oxford Institute for Energy Studies, noting the strait is no longer a neutral route.
- Saul Kavonic, head of research at MST Marquee, warned that as more governments cut deals with Iran, it risks normalizing permanent Iranian control over the Strait of Hormuz.
12 Articles
12 Articles
Iraq, Pakistan strike energy deals with Iran as Tehran flexes Hormuz control
LONDON/BAGHDAD, May 12 - Both Iraq and Pakistan have cut deals with Iran to ship oil and liquefied natural gas from the Gulf, according to five sources with knowledge of the matter, in a demonstration of Tehran's ability to control energy flows through the Strait of Hormuz. Read more at straitstimes.com.
Exclusive: Iraq, Pakistan strike energy deals with Iran as Tehran flexes Hormuz control
Both Iraq and Pakistan have cut deals with Iran to ship oil and liquefied natural gas from the Gulf, according to five sources with knowledge of the matter, in a demonstration of Tehran's ability to control energy flows through the Strait of Hormuz.
Pakistan, Iraq strike energy deals with Iran as Tehran flexes Hormuz control: report
BAGHDAD: Both Iraq and Pakistan have cut deals with Iran to ship oil and liquefied natural gas from the Gulf, according to five sources with knowledge of the matter, in a demonstration of Tehran’s ability to control energy flows through the Strait of Hormuz. The US-Israeli war with Iran has slashed energy exports from a region that normally supplies 20% of the world’s crude oil and LNG. The US has blockaded Iranian ports in recent weeks. And tho…
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