Iraqi Oil Tankers Allowed to Transit Strait of Hormuz Amid Baghdad's Plans to Boost Production

rafidainscope - Iraqi oil tankers have received permissions to transit the Strait of Hormuz following understandings and continuous coordination between Baghdad and Tehran, in response to official Iraqi requests. This development coincides with the Iraqi government's announcement of ambitious strategic plans to raise the oil production ceiling to between 8 and 10 million barrels per day over the next six years. Baghdad seeks to enhance cooperation with OPEC member states to increase its export quota, while working to diversify export routes through various regional outlets.