Iraq moves to stabilize oil exports after Iran passage

BAGHDAD, Iraq (MNTV) — Iraq has taken steps to stabilize its crude exports, asking international buyers to submit loading schedules within 24 hours to ensure uninterrupted shipments.

The request, issued by the State Organization for Marketing of Oil (SOMO), comes as authorities seek to maintain steady export operations amid regional disruptions affecting energy flows.

The move follows reports that Iran has permitted Iraqi oil tankers to transit the strategically vital Strait of Hormuz, a key route for global energy supplies.

According to shipping data, at least one tanker carrying around one million barrels of Basra crude successfully passed through the corridor, signaling a partial easing of restrictions. 

Iranian officials indicated that exemptions apply to Iraq, describing the country as not subject to the limitations imposed on other states.

SOMO reaffirmed that all export infrastructure, including Basra’s main oil terminals, remains fully operational and capable of handling contractual shipments without disruption. 

The agency emphasized its readiness to process vessel nominations and execute export programs in line with existing agreements.

The development could help ease pressure on regional oil markets, where supply constraints had intensified due to storage limitations and restricted tanker movement through the chokepoint.

Additional reports indicated that vessels from neighboring countries have also managed to pass through the strait, suggesting that selective arrangements with Tehran may allow continued energy exports despite broader tensions.