
Iraq Resumes Crude Oil Transport Through Hormuz After Decades
Iraq's Oil Tankers Company successfully transported two million barrels of Iraqi crude oil through the Strait of Hormuz using a Very Large Crude Carrier (VLCC) vessel, marking the first such operation in decades. The move is part of an ambitious government plan to develop logistical capabilities and enhance national control over the oil supply chain. The company aims to purchase and own specialized crude oil tankers to further boost its operational capabilities and compete with regional peers.13 sourcesSee all sources
