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Iraq Is in Process of Seeking Oil Tankers for Hormuz Strait Runs
Bloomberg.com · September 5, 2026 · Week 2026-36
Summary
Iraq is reportedly seeking to acquire its own oil tankers for crude exports via the Strait of Hormuz. This strategic move aims to bolster Iraq's energy security and reduce reliance on the international charter market, mitigating risks associated with geopolitical tensions in the critical waterway.
Strategic Implication
Signals a potential major state investment into a sovereign tanker fleet to de-risk Iraq's primary oil export chokepoint and gain greater control over its supply chain.