Iraq boosted its oil exports in August, with September shipments also set to climb, as wide profits and Iranian approval for its tankers to pass through the Strait of Hormuz have encouraged buyers, according to industry sources and shipping data, Reuters reports.
The recovery in exports for OPEC’s second-largest producer, which had been severely curtailed by the near-closure of the Strait of Hormuz since the start of the Iran war on February 28, improves the supply of heavy high-sulphur crude to major importers China and India.
