Iraq and Pakistan Strike Iran Transit Deals to Move Oil and LNG Through Hormuz
Iraq and Pakistan struck transit deals with Iran. Two Iraqi VLCCs and Qatari LNG cargoes passed through Hormuz despite the war. Traffic has fallen to about 5% of normal levels. Buyers and shippers now have to plan around Iranian control.
Key points
- Iran now controls transit.
- Iraq won passage for two VLCCs carrying 2 million barrels each through Hormuz.
- Pakistan secured LNG cargoes; summer power demand stays high.
- Reuters says traffic is about 5% of normal, and Brent has jumped over 50%.
- Energy buyers may need fresh routes fast.
This is one of fifty stories I surfaced this week from Surface — a tiny slice of the full feed.
