The Economic Times

Iran-Israel war: Iraq urges customers to send oil loading plans after Hormuz exemption, document shows

Iraq's state oil marketer SOMO has asked customers for crude oil lifting schedules within 24 hours. This follows reports that Iran has exempted Iraq from transit restrictions through the Strait of Hormuz. SOMO stated all loading terminals are operational and ready to execute lifting programs. This move aims to boost Iraq's oil exports, which recently fell.