Skip to content
Back to Guavy Wire
Commodities

Iran Grants Iraq Oil Tanker Passage Amid Strait of Hormuz Tensions

Instruments
Oil
Share

Iran has granted permission to several Iraqi oil tankers to pass through the Strait of Hormuz, a vital energy route in the world. This decision comes despite increasing military confrontation between the US, Israel, and Iran.

Prior to this, Iranian state press reported that Tehran had approved the passage of Iraqi oil tankers over the past six months, despite the growing insecurity and military presence in the region.

The Iranian authorities insist that ships passing through the strait should obtain permission and pay transit fees. This is in direct contradiction to US President Donald Trump's claim that the US has 'total control' over the Strait of Hormuz.

Baghdad, Iraq has been seeking more access for its tankers, considering it a matter of high economic importance. The country relies heavily on exporting crude oil via the strait, with about 20% of global energy exports taking place through this passage.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc