Iran-Israel war: Iraq urges customers to send oil loading plans after Hormuz exemption, document shows
- Postato il 6 aprile 2026
- Di Business News Today
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Following Iran's strategic exemption of Iraqi oil shipments from Hormuz transit restrictions, SOMO accelerates crude export operations by requesting immediate lifting schedules from international buyers. With all loading facilities operational and the geopolitical landscape shifting, Iraq capitalizes on this window to reverse declining export volumes and strengthen its position in global energy markets amid regional tensions.
Iran-Israel war: Iraq urges customers to send oil loading plans after Hormuz exemption, document shows
Iraq's state oil marketer SOMO has asked customers for crude oil lifting schedules within 24 hours. This follows reports that Iran has exempted Iraq from transit restrictions through the Strait of Hormuz. SOMO stated all loading terminals are operational and ready to execute lifting programs. This move aims to boost Iraq's oil exports, which recently fell.
