Iran Allows Iraqi Oil Tankers Through Hormuz Strait Amid Ongoing Tensions

Iran has allowed several Iraqi oil tankers to pass through the Strait of Hormuz, a critical waterway connecting the Persian Gulf to the Gulf of Oman.

The development comes as tensions between Iran and the US remain high. In a recent statement, US President Donald Trump said he did not think that Iran was ready to make 'the right deal' on nuclear disarmament, and that Washington was observing 'what happens' in the conflict.

The Strait of Hormuz has been bottlenecked with thousands of seafarers stranded on hundreds of vessels, according to ship-tracking data. The situation has raised concerns about global oil supplies and the impact on economies reliant on imported petroleum products.