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LSEG and Kpler data show that one day after Iran granted Iraq an exemption from restrictions on this key shipping route, a tanker carrying Iraqi crude oil was found transiting the Strait of Hormuz on a route close to Iran’s coastline. Kpler data shows that the “Ocean Thunder” loaded approximately 1 million barrels of Basra heavy crude oil on March 2, and is expected to discharge in Bintulu, Malaysia, in mid-April.
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