Iran Grants Iraqi Oil Tanker Passage Through Strait of Hormuz

Iran has granted permission for some Iraqi oil tankers to pass through the Strait of Hormuz, according to Iranian state news agency IRNA.

The decision was made after repeated requests from Baghdad via various channels, including during a visit by Iranian parliament speaker Mohammad Bagher Ghalibaf to Iraq.

This development comes as the region continues to experience tensions and disruptions in oil trade, with Iran calling Trump's floated sanctions 'economic terrorism' earlier this week. However, it remains unclear how many tankers will be allowed to pass through and what implications this may have for global oil markets.