Iraq's IOTC completes first oil transfer via Strait of Hormuz in decades

Iraq's state-owned IOTC has transferred 200 million barrels of oil through the Strait of Hormuz, the first such operation by the company in decades. This marks a significant logistical shift for Iraqi oil exports, potentially diversifying export routes and increasing regional energy flows. The move could impact global oil supply dynamics and regional geopolitics, though details on destination and timeline remain unclear.