Skip to content
Back to Guavy Wire
Commodities

Iran Opens Strait of Hormuz to Iraqi Oil Tankers Amid Regional Tensions

Instruments
Oil
Share

Iran has granted permission for some Iraqi oil tankers to pass through the Strait of Hormuz, following repeated requests from Baghdad. The decision was made after Iranian parliament speaker Mohammad Bagher Ghalibaf visited Iraq this week and discussed the matter with Iraqi officials.

Iraqi President Nizar Amidi said that Iran had facilitated the passage of 'some ships carrying Iraqi oil in the Strait' in recent days, and that the government would not accept Iraqi territory being used to launch attacks against other countries. He emphasized the importance of preventing Iraq from being dragged into regional conflicts.

According to Mostafa Khoshcheshm, a professor at the University of Applied Sciences in Tehran, Iran has decided to let Iraqi oil tankers pass through the Strait because Baghdad has 'always stood up to the United States'. The analyst suggested that Iran is looking to punish Gulf states for allowing US forces to use their military bases to launch attacks on Iran.

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