Iran says ‘brotherly’ Iraq’s ships can use Strait of Hormuz
Iran has announced that Iraqi ships are exempt from restrictions in the Strait of Hormuz, a vital waterway for global energy flows. This exemption could potentially release up to 3 million barrels a day of Iraqi oil cargoes. The announcement follows recent transits by vessels linked to Western-aligned nations, suggesting a possible easing of restrictions. While vessel traffic has increased slightly in the past week, it remains significantly lower than pre-war levels. The Strait of Hormuz closure had previously forced Iraq and other Gulf oil producers to reduce crude output due to filled storage capacity. Operations continue at Iraq's Zubair oil field despite the ongoing disruptions.