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Petronas-chartered tanker loaded with Iraqi crude passes through Hormuz
The Ocean Thunder carried about 1 million barrels of Basrah Heavy crude after Iran exempted Iraq from Strait of Hormuz restrictions.
On Sunday, the Ocean Thunder Suezmax tanker transited the Strait of Hormuz carrying about 1 million barrels of Iraqi crude oil under a special exemption granted by Iran.
Iran's Khatam al-Anbiya Central Headquarters granted this exemption to "brotherly Iraq" on Saturday, citing respect for its national sovereignty while applying controls to "enemy countries."
Maritime traffic in the strait has gradually increased, with 53 transits recorded last week; vessels linked to France, Japan, and Malaysia also received clearance to traverse the route.
Since U.S. and Israeli strikes began on February 28, Iran has effectively blockaded the waterway, keeping Brent crude prices hovering above $109 a barrel.
Ship traffic remains down more than 90 percent from normal levels, though data from the last 24 hours suggests a potential recovery as analysts monitor Tehran's next moves.
The Ocean Thunder loaded about 1 million Basrah Heavy oil barrels on 2 March and has to download its cargo in Pengerang, Malaysia, in mid-April, according to Kpler data