As Baghdad steps up efforts to deliver domestic crude oil to the global market, Iraq is beginning to rent a number of tankers for shipping in the Strait of Hormuz. A government spokesperson said via text message that the government has initiated the relevant process through the state-owned Iraqi Oil Tanker Company, and the move has been approved by the cabinet. The report did not mention the companies involved in the incident. Currently, there are a limited number of tanker owners willing to send ships to sail into the Persian Gulf via the Strait of Hormuz. Iraq and other oil producers in the region are increasingly selling crude oil for delivery to the Gulf of Oman. This may also be a plan for Iraq to deploy this batch of tankers. Iraq's state-owned oil sales company cut delivery discounts on crude oil from export facilities in the northern Persian Gulf this week. The tanker leasing issue is still in the negotiation stage.

As Baghdad steps up efforts to deliver domestic crude oil to the global market, Iraq is beginning to rent a number of tankers for shipping in the Strait of Hormuz. A government spokesperson said via text message that the government has initiated the relevant process through the state-owned Iraqi Oil Tanker Company, and the move has been approved by the cabinet. The report did not mention the companies involved in the incident. Currently, there are a limited number of tanker owners willing to send ships to sail into the Persian Gulf via the Strait of Hormuz. Iraq and other oil producers in the region are increasingly selling crude oil for delivery to the Gulf of Oman. This may also be a plan for Iraq to deploy this batch of tankers. Iraq's state-owned oil sales company cut delivery discounts on crude oil from export facilities in the northern Persian Gulf this week. The tanker leasing issue is still in the negotiation stage.