Story perspectives

Iraq's SOMO Urges Crude Schedules Amid Transit Exemptions

4/6/2026

Summary

Story summary

SOMO, Iraq's state oil marketer, asked customers to submit crude lifting schedules within 24 hours after reports that Iran exempted Iraq from transit restrictions through the Strait of Hormuz.
The drop in production underscores the need to resume exports.
SOMO confirmed all loading terminals, including the Basrah Oil Terminal, are operational and ready to execute lifting programs.
Shipowners remain wary about Gulf navigation amid the US-Israeli conflict with Iran.

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Story summary

SOMO, Iraq's state oil marketer, asked customers to submit crude lifting schedules within 24 hours after reports that Iran exempted Iraq from transit restrictions through the Strait of Hormuz.
The drop in production underscores the need to resume exports.
SOMO confirmed all loading terminals, including the Basrah Oil Terminal, are operational and ready to execute lifting programs.
Shipowners remain wary about Gulf navigation amid the US-Israeli conflict with Iran.