Iraq has asked Iran to protect its oil exports through the Strait of Hormuz
Iraq has asked Iran to grant its oil shipments “special status” as they pass through the Strait of Hormuz. Shipping in the area has declined significantly since the war began in February.
Iraqi Council of Representatives Speaker Haybat al-Halbousi made this proposal to Iranian Parliament Speaker Mohammad Bagher Ghalibaf during a meeting in Baghdad.
It should be noted that the Strait of Hormuz is one of the key routes for global energy trade. Under normal conditions, about one-fifth of global crude oil shipments pass through it, but since the start of the war, traffic there has been reduced to a minimum.
It is against this backdrop that Baghdad is seeking to ensure the stable passage of its oil shipments and avoid further losses from disruptions to exports.
Galibaf’s visit to Iraq, meanwhile, has a broader political and security agenda. The Iranian official stated that the talks are intended to strengthen “the internal and mutual security of both countries.” Before leaving for Baghdad, he also emphasized the “unbreakable” bond between the peoples of Iran and Iraq.
According to Galibaf, countries in the region must deepen their political and security ties to create the conditions for lasting economic cooperation.
“It is necessary to develop deep relations and ties in the security sphere among the Islamic countries of the region so that sustainable economic cooperation can develop on this basis, and the Islamic Republic of Iran is ready for this,” he said.
Source: CNN.
Iran is preparing for a new escalation of the war — WSJ.
The memorandum of understanding between the U.S. and Iran, intended to halt hostilities, expires on Monday, August 17. There are no signs that the parties are willing to extend the agreement: Washington and Tehran have been accusing each other of violating it for several weeks.
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