Iran Allows Iraqi Tankers, SOMO Seeks Schedules
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- Iranian army announced via a televised statement that Iraqi vessels are exempt from Strait of Hormuz restrictions, allowing them to transit freely.
- Ocean Thunder carrying 1 million barrels of Basra heavy oil passed through the Strait of Hormuz, as confirmed by Kpler data.
- SOMO issued a document requesting oil‑buying clients to submit loading schedules within 24 hours to align with contractual terms.
- SOMO affirmed that the Basrah Oil Terminal and associated facilities remain fully operational and ready to execute all contractual lifting programs without limitation.
- Windward reported that three Omani vessels — two crude tankers and one LNG carrier — also transited the Strait of Hormuz, indicating broader regional easing of traffic.
Why it matters: Iraqi exporters and their overseas buyers gain immediate certainty to move crude, while the reopening of the Strait of Hormuz eases the regional supply crunch that had forced producers to halt output and left tanker traffic paralyzed, helping stabilize global oil markets.
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