Iraq takes steps to boost oil exports as Strait of Hormuz reopens
Ships are anchored in the Strait of Hormuz near the port city of Khasab on Oman’s northern Musandam Peninsula in May. (AFP/Getty Images via Bloomberg) Jun 17, 2026 11:03 am, EDT key takeaways: Iraq is preparing to boost oil exports from southern ports as an agreement to reopen the Strait of Hormuz is set to