Oil activity resumes at Basra ports

The Iraqi ports of Basra have witnessed a notable resurgence in oil export activity, with satellite images detecting seven oil tankers moored at the port on August 24, 2026 — marking the first response following recent maritime disturbances. Economic expert Ziyad Al-Hashimi confirmed that this improvement is due to a recalibration of navigation security in the Strait of Hormuz, with around 20 tankers passing through and approximately 10 million barrels being loaded daily. This reflects a recovery in shipping activity and the readiness of international companies to resume Iraqi oil exports. He also denied that this development is linked to the payment of transit fees to any country.

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