24 Hrs
Source:
الوئام
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Energy Ministry Rejects Iraq Claims on Hormuz Disruptions
The Ministry of Energy confirmed that the increase in oil transportation costs is due to the military escalation in the region, Iranian attacks on ships, and disruptions in navigation through the Strait of Hormuz. These factors have heightened shipping risks, raised insurance costs, and led to a decline in the number of vessels operating there. The ministry also denied that the Kingdom purchased the 25 tankers in question, clarifying that this is not true, while respecting its right to make business and investment decisions that align with its interests.
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