Dr. Hussein Haider Mohammed Al-Jazaeri / PhD in Maritime Transport Economics
Maritime transport of oil in Iraq is considered the most important vital and economic artery, as it is the main window through which it overlooks global markets. Through the oil ports in the south, crude oil, petroleum products, and condensates are exported via the Arabian Gulf, passing through the Strait of Hormuz, and then to various world markets, to secure more than 90% of the state’s general budget revenues. This gives this sector top priority in supplying the economy and keeping pace with the growing global demand for crude oil, especially in light of the Zionist-American war against the Islamic Republic of Iran. Therefore, the closure of the strait causes a major deterioration by halting the production and export of Iraqi crude oil, as a result of Iraq’s reliance on foreign shipping companies to transport its crude oil and products, and its lack of a fleet of specialized tankers for transporting crude oil.
