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Iraq Tendering for Two Oil Supertankers to Go Through Hormuz
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarTransportation & Logistics
Iraq has launched a tender to hire at least two oil supertankers for transit through the Strait of Hormuz, seeking to safeguard crude exports amid military threats to the waterway. The move highlights elevated disruption risk for a critical global oil-shipping chokepoint and could support oil prices if transit security deteriorates further.
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