Iraq and Pakistan have reached separate agreements with Iran to allow the safe passage of oil and liquefied natural gas shipments through the Strait of Hormuz, highlighting Tehran’s growing control over one of the world’s most important energy routes.
The deals come as the ongoing US-Israeli conflict with Iran continues to disrupt global energy supplies from the Gulf region, which normally accounts for nearly 20 percent of the world’s oil and LNG exports. Shipping activity through the strait has dropped sharply, causing major concern in global markets.
According to sources familiar with the matter, Iraq recently secured safe passage for two large oil tankers carrying around two million barrels of crude each. Iraqi officials are now seeking Iran’s approval for additional shipments to protect oil revenues that fund most of the country’s budget.
Pakistan has also arranged the transit of two Qatari LNG cargoes through Iranian-controlled waters to help meet rising domestic energy demand during the summer season.
Energy analysts say Iran has moved from attempting to block the Strait of Hormuz to effectively controlling access to it. Experts warn that if more countries begin negotiating directly with Tehran for shipping access, Iran’s influence over the strategic waterway could become permanent.
