ADVERTISEMENT
LIVE DESK·Global markets desk·Last updated 14s ago
ADVERTISEMENT
Novara — A Smarter Way to Access Global Markets
Markets/CommoditiesArticle

Iran permits Iraqi oil tankers to transit Strait of Hormuz

Iraqi vessels carrying oil cleared for passage after Baghdad secured permission from Tehran. Exports via Turkey, Syria and Jordan also under discussion.

DC
David Chen · Commodities Desk · 22 Aug 2026 · 12:31 · 1 min read
Share
Iran permits Iraqi oil tankers to transit Strait of Hormuz

Iran has granted permission for a number of Iraqi oil tankers to transit the Strait of Hormuz following direct requests from Baghdad, state media reported on Saturday.

The move follows discussions between Iraqi and Iranian officials, including a visit by Iranian parliament speaker Mohammad Baqer Qalibaf to Iraq. Iraqi President Nizar Amedi said at the Baghdad Dialogue policy conference that Tehran had recently facilitated the passage of vessels carrying Iraqi crude through the strategically vital waterway.

Gold / US Dollar

XAUUSD
Full profile →
15.7500▲ 2.81%
As of 22/08/2026, 09:33:59

Baghdad is simultaneously pursuing broader export diversification to reduce reliance on Hormuz. Prime Minister Ali al-Zaidi said on Friday that Iraq is expanding shipments via Turkey’s Ceyhan port and exploring new routes through Syria’s Baniyas port and Jordan’s Aqaba port.

Iraq produced about 4 million barrels of oil per day before the outbreak of the Iran war, underscoring the significance of securing stable transit options. Traffic in the Strait of Hormuz remains well below pre-conflict levels amid ongoing attacks on vessels, and obtaining special permissions for Iraqi tankers has been a key priority for Baghdad.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
ADVERTISEMENT
Share this story
DC
Written by
David Chen
Commodities Desk

David reports on energy, metals and agricultural markets, tracking how supply signals and safe-haven demand move prices across the commodities complex.

More from David Chen →
ADVERTISEMENT
ADVERTISEMENT