What specific Iraqi crude grades is Vitol offering, and where are they being made available for purchase?

Vitol is offering Basrah Medium and Basrah Heavy crude grades on a ship-to-ship transfer basis in waters off the UAE port of Fujairah.

Has any Iraqi oil successfully exited the Strait of Hormuz recently, and if so, what evidence supports this?

Yes — the vessel Kiara M exited the Strait of Hormuz on May 10 after loading an Iraqi cargo in late April, and subsequently conducted a ship-to-ship transfer off Sohar, according to Kpler data.

Vitol Offers Iraqi Oil Outside Hormuz as Ships Exit Strait

May 14, 2026

Vitol Group is offering Iraqi Basrah crude via ship-to-ship transfers off Fujairah, signaling successful exits from the Persian Gulf amid regional tensions. This marks rare spot market availability since the Strait of Hormuz blockade began.

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Vitol Offers Iraqi Oil Outside Hormuz as Ships Exit Strait

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