Iraqi Oil Transit Through Hormuz Confirmed
There is no official agreement between Baghdad and Tehran allowing Iraqi oil to pass through the Strait of Hormuz, despite circulating reports of Iranian approval following the Iranian Parliament Speaker's visit to Iraq. Sources from the company "SOMO" indicate that Iraqi oil is shipped at night along a private route known as "Dark Road," where vessels pass without protection or lighting, bearing the responsibility for their own transit. Other routes rely on either American or Iranian protection. Since the strait was closed five months ago, Iraqi oil exports have been significantly affected, with estimated losses of around $50 billion. Iraq used to export more than 100 million barrels of oil monthly through the Hormuz Strait.
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