The first tanker loading from a Basra Gulf export outlet in over a month signals tentative progress toward reviving southern oil sales and production.
Iran reversal on Strait of Hormuz threatens Iraq’s nascent export restart
Iranian forces blocked a tanker carrying Iraqi crude, dampening hopes for a durable resumption of Iraq's southern exports.
The Agios Fanourios I tanker prepares to dock at a single point mooring buoy in the Basra Gulf in April 2026 for the first loading of crude from Iraq's southern export outlets in more than a month. (Photo credit: Ministry of Transportation)