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Gulf Remittances to Hit $161B in 2025
Iraq transported two million barrels of oil through the Strait of Hormuz for the first time in decades, using its own tankers. This move marks an important development in Iraq's oil supply security and reflects its ability to diversify its export routes and reduce dependence on traditional pathways. No specific details were provided regarding the timing of the shipment or international reactions, but the event demonstrates Iraq's economic strength and readiness to increase its oil exports.
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