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Iraq tenders for VLCCs as Hormuz disruptions cut oil exports by over 97%

Verifying
  • IOTC launched a tender to charter at least two VLCCs for Iraqi oil shipments.
  • $23 million-$25 million reportedly moves about 2 million barrels on recent VLCC charters.
  • Iraq’s cabinet approved the tanker-hiring effort on September 4, 2026.
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