Iraq oil exports stalled despite Hormuz transit exemption

Iraq remains unable to fully resume oil exports even after Iran confirmed that Iraqi shipments would be exempt from disruptions and fees in the Strait of Hormuz, as reported by Maghrebi Week on April 13th.

While the announcement raised hopes of a return to normal operations, structural constraints continue to impede recovery.

Without more tankers and a reduction in risk premiums, Iraq’s return to full export capacity will remain uncertain.

Maghrebi Week, Maghrebi.org