23 Hrs
Source:
Sky News
Iran allows Iraqi oil tanker transit
The Iranian News Agency "IRNA" reported that Iran has granted permission to a number of Iraqi oil tankers to pass through the Strait of Hormuz, following repeated requests from Baghdad. This comes in the context of increasing cooperation between Iraq and Iran regarding oil exports, as Iraq plans to raise its oil production to between 8 and 10 million barrels per day over the next six years, and is seeking alternative export routes apart from the Strait of Hormuz, including plans to export via Syria and Jordan.
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