Iraq tenders for supertankers to control Hormuz transits

Iraq is tendering to hire two or more VLCCs to carry its crude through the Strait of Hormuz, signaling Gulf producers are seeking greater control over export logistics amid chokepoint risks. The move follows similar efforts by Saudi Arabia and the UAE to secure shipping capacity. It underscores heightened concern over Hormuz security and could reflect a shift toward state-managed oil flows.