Iraq Takes Steps to Boost Oil Exports When Hormuz Reopens (opens original article in a new tab)

Iraq is taking steps to increase oil exports through the Strait of Hormuz as it prepares for the waterway's reopening, with increased shipments already observed.

• Iraq prepares to boost oil exports from southern ports with a deal to open the Strait of Hormuz scheduled to be signed on Friday.
• Iraq is nominating tankers to load crude oil, with some buyers already informing state firm SOMO of their preferred tankers.
• Iraq's exports through Hormuz increased to 1 million barrels a day in the first half of this month, up from 98,000 barrels a day in May.