Energy

Iran grants permission for a number of Iraqi oil tankers to pass through Hormuz - Reuters

Source: Reuters

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DW NOTE

Iran is rationing passage through a strait it does not control and cannot fully blockade. Iraqi oil moves because Tehran needs the revenue from transit fees more than it needs the theater of denial. The Hormuz closure is real — one ship on August 16 versus a normal 73 per day — but selective permission reveals it as lever, not lock.

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The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des

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Iran grants permission for a number of Iraqi oil tankers to pass through Hormuz - Reuters

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