Iraq and Qatar Gear up for Oil and LNG Exports as Hormuz Reopens
WHO:
Bloomberg Markets - Iraq is preparing to boost oil exports.
Fox News - AH-64E Apache helicopters are involved in policing lanes for oil tankers.
Bloomberg Markets - Qatar is bringing liquefied natural gas tankers back to the Middle East.
New York Post - Ana Subasic is a trade risk analyst at Kpler maritime data firm.
New York Post - Dimitris Ampatzidis is a maritime risk and compliance manager at Kpler.
New York Post - Matthew Reisner is a senior national security analyst at the Center for Maritime Strategy.
New York Post - Karin Strom is vice president at Proxima procurement and supply chain consultants.
WHAT:
Bloomberg Markets - A formal deal to open the Strait of Hormuz is scheduled to be signed.
Fox News - Apache helicopters are showcasing their power in the Strait of Hormuz.
Bloomberg Markets - Qatar is preparing to ramp up LNG exports once the Strait of Hormuz reopens.
New York Post - Only a handful of ships have started crossing the Strait of Hormuz since a peace deal announcement.
New York Post - 500 ships are trapped in the Persian Gulf.
New York Post - 15 ships are expected to cross the Strait of Hormuz each day after the signing.
New York Post - It could take about 30 days to clear the backlog of ships.
New York Post - More than 130 ships flowed through the Strait of Hormuz prior to the war.
New York Post - Gas prices are expected to begin dropping in response to decreased crude oil prices.
WHERE:
Bloomberg Markets - The Strait of Hormuz is the location of the oil exports.
New York Post - The Persian Gulf is where 500 ships are currently trapped.
New York Post - The Malta-flagged Disha gas tanker is transiting through the Strait of Hormuz towards India.
WHEN:
Bloomberg Markets - The deal to open the Strait of Hormuz is scheduled to be signed on Friday.
New York Post - It will take more than two months for traffic to return to pre-war levels.
New York Post - The signing in Switzerland is set for Friday.
New York Post - It could take eight weeks to tackle all constraints surrounding the Strait of Hormuz.
WHY:
New York Post - The reopening of the Strait of Hormuz follows a peace deal between the US and Iran.
New York Post - Disagreements remain between the US and Iran over ownership of the Strait of Hormuz.
HOW:
New York Post - Ships will likely wait for confirmation from the US Navy and Iran’s Islamic Revolutionary Guard Corps before crossing the strait.
New York Post - The commercial shipping system is expected to normalize gradually despite the political reopening.
(UPDATED June 17, 2026 17:56 UTC)
Iraq is set to boost its oil exports as a formal deal to open the Strait of Hormuz is scheduled to be signed on Friday, following a peace agreement between the US and Iran. Apache helicopters are currently involved in policing the lanes for oil tankers, while 500 ships remain trapped in the Persian Gulf, with only a handful having started to cross the strait since the announcement. Once the deal is signed, it is expected that 15 ships will cross the Strait of Hormuz each day, but it could take up to eight weeks for traffic to return to pre-war levels.