Skip to content
Back to Guavy Wire
Commodities

Iran Grants Iraqi Oil Tankers Passage Through Strait of Hormuz

Instruments
Oil
Share

Iran has granted special clearance to several Iraqi oil tankers to pass through the Strait of Hormuz, providing some relief for Baghdad's economy. The decision was made after Iraq requested assistance through diplomatic channels.

According to the Iranian Parliament Speaker Mohammad Baqer Qalibaf, the issue was discussed during his recent visit to Baghdad. Iraqi Parliament Speaker Mohammad al-Halbousi met with Qalibaf and requested special treatment for Iraqi oil exports through the waterway.

The authorization is crucial for Iraq as oil sales generate nearly 90% of government revenue. Before the conflict disrupted traffic, Iraq produced around four million barrels of crude a day and exported an average of approximately 105 million barrels each month.

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