Iraq Negotiates with Iran to Reopen Vital Oil Shipping Route
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The federal Iraqi government is in contact with Iran to persuade Tehran to allow some Iraqi oil tankers to pass through the Strait of Hormuz, Iraq’s Oil Minister Hayyan Abdul Ghani said on Tuesday. “There is communication with Iran regarding allowing the passage of some Iraqi oil tankers,” the minister said in statements carried by the Iraqi News Agency (INA). Iraq, unlike Saudi Arabia and the United Arab Emirates (UAE), doesn’t have any options – even partial – to bypass the Strait of Hormuz, which…
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FinBERT analysis of financial text showing neutral sentiment with 94.1% confidence.
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