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Oil Tanker Carrying Iraqi Cargo Seen Transiting Strait of Hormuz

Grant Smith, Weilun Soon
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⚡ Quantum Brief
An oil tanker carrying 1 million barrels of Iraqi crude transited the Strait of Hormuz on April 5, defying Iran’s blockade declaration the prior day. The Ocean Thunder, a Suezmax vessel, departed Iraq’s Basrah terminal in March and is en route to Malaysia, per tanker-tracking data. Iran exempted Iraq and Malaysia from its Strait closure, allowing their ships passage while blocking most other nations’ vessels. A Tehran billboard declared the strait "closed," signaling Iran’s escalation amid regional tensions, though selective exemptions suggest strategic flexibility. The transit underscores the strait’s critical role in global oil flows, with 20% of the world’s crude passing through the chokepoint daily.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000War With Iran:A billboard with a sentence reading 'The Strait of Hormuz remains closed' at the Enqelab Square in Tehran, on April 5.Photographer: -/AFP/Getty ImagesAn oil tanker carrying crude from Iraq appeared to be transiting the Strait of Hormuz chokepoint, a day after Iran said its neighbor had special exemption to use the waterway.The Suezmax Ocean Thunder picked up its cargo from Iraq’s Basrah terminal in early March and is now bound for Malaysia, according to tanker-tracking data compiled by Bloomberg. Such vessels can carry about 1 million barrels of crude. The Asian nation has also received dispensation to use the strait, which is blocked for most other countries.

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