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Iraq Takes Steps to Boost Oil Exports When Hormuz Reopens

Iraq Takes Steps to Boost Oil Exports When Hormuz Reopens
Bloomberg Markets Wednesday 17 June 2026, 14:36 UTC By Khalid Al Ansary 1 min read
Key Points

Iraq Takes Steps to Boost Oil Exports When Hormuz Reopens Iraq is preparing to boost oil exports from its southern ports with a formal deal to open the Strait of Hormuz scheduled to be signed on Friday. The country is taking steps necessary for exports to resume “as soon as maritime navigation returns to normal,” said Salim Al-Rikabi, spokesman for the oil ministry. Iraq is “completing the process of nominating tankers to load Iraqi crude oil,” he said.

Iraq Takes Steps to Boost Oil Exports When Hormuz Reopens Iraq is preparing to boost oil exports from its southern ports with a formal deal to open the Strait of Hormuz scheduled to be signed on Friday. The country is taking steps necessary for exports to resume “as soon as maritime navigation returns to normal,” said Salim Al-Rikabi, spokesman for the oil ministry. Iraq is “completing the process of nominating tankers to load Iraqi crude oil,” he said.
Iraq (LOCATION) Hormuz Reopens (LOCATION) the Strait of Hormuz (LOCATION) Salim Al-Rikabi (PERSON) the oil ministry (ORG) Iraqi (ORG)
Originally published by Bloomberg Markets Read original →

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