Iraq Scrambles to Stabilize Exports as Iran Grants Passage
Why it matters: Iraq's urgent request for loading schedules aims to stabilize its oil exports following Iran's decision to grant passage to Iraqi vessels.
- Iraq has requested oil-buying clients submit loading schedules within 24 hours (Reuters).
- SOMO, Baghdad’s oil marketing company, issued the document cited by Reuters.
- The Iranian army has permitted Iraqi vessels to pass, as reported by the Financial Times on Sunday.
Iraq is urgently seeking loading schedules from its oil clients within 24 hours, according to Reuters, as it scrambles to stabilize exports. This comes after the Financial Times reported that Iran's army has granted passage to Iraqi vessels, suggesting a potential easing of regional tensions impacting oil transit.
