US helped move 660 million barrels through Hormuz since May
What's new: Iran separately let some Iraqi tankers cross, highlighting ad hoc access as traffic stays well below prewar levels.
What's new: Iran separately let some Iraqi tankers cross, highlighting ad hoc access as traffic stays well below prewar levels.
Why it matters: Traffic remains well below prewar levels, but the new Iraqi carveout could ease pressure on one of the countries hit hardest by the strait's disruption.