The Economic Times

Iraq opens oil exports beyond Hormuz after months of war, eyes ship-to-ship route off Oman

Iraq now allows crude oil collection outside the Persian Gulf for buyers. This move comes as exports continue through the Strait of Hormuz despite disruptions. Iraq's state oil marketer is offering specific crude grades via ship-to-ship transfer. This shift follows previous steep discounts offered to entice buyers. The country aims for higher economic benefits through secure transport routes.