Iraq opens oil exports beyond Hormuz after months of war, eyes ship-to-ship route off Oman

Iraq has offered buyers of its crude oil the option to collect supplies from outside the Persian Gulf for the first time since the Iran war began, according to a Bloomberg report, underlining that exports continue to flow through the Strait of Hormuz despite months of conflict-driven disruption.

Iraq's state oil marketer, SOMO, is offering Basrah Medium and Basrah Heavy crude that can be picked up via ship-to-ship transfer near the Omani coast next month, through a tender, Bloomberg reported, citing a document it had seen.