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Energy Ministry refutes Iraq tanker claims
The Saudi Ministry of Oil clarified that the Kingdom has not purchased the 25 oil tankers allegedly responsible for the increase in Iraqi oil transportation costs. They confirmed that the rise in costs is due to factors such as military escalation in the region, Iranian attacks on ships, and disruptions in navigation through the Strait of Hormuz. These issues have led to increased shipping risks and higher insurance costs, and are not related to the Kingdom or to any tanker purchases.
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