Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Iran partially reopens Strait of Hormuz. What’s next for oil price?
https://www.thestreet.com ^ | Apr 5, 2026 5:28 PM EDT

Posted on 04/05/2026 2:57:59 PM PDT by 11th_VA

Five weeks into a war that has sent oil prices soaring and left global shipping in disarray, Tehran just blinked. At least for one country. Iran announced on April 5 that it is exempting one of its closest neighbors from the Strait of Hormuz restrictions that have strangled global energy supplies since the U.S. and Israel launched their war on Iran on February 28, according to Al Jazeera. Iran’s Khatam al-Anbiya Central Headquarters said restrictions would only apply to “enemy countries.”

“Brotherly Iraq is exempt from any restrictions we have imposed on the Strait of Hormuz,” Iran’s military spokesman said in an Arabic-language video statement published by state-run Islamic Republic News Agency, as reported by Fortune.

The announcement has the potential to unleash as much as 3 million barrels a day of Iraqi oil cargoes back into global markets. That matters because Iraq’s oil sector has been devastated by the conflict. Iraqi oil exports plunged roughly 97% in March to a daily average of just 99,000 barrels, down from 3.4 million barrels before the war. Iraq’s Ministry of Oil said production itself had fallen to 1.2 million barrels a day, down from 4.3 million, according to Al Jazeera...


TOPICS: Foreign Affairs; Iran; News/Current Events
KEYWORDS: partiallyreopens

Click here: to donate by Credit Card

Or here: to donate by PayPal

Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794

Thank you very much and God bless you.


Navigation: use the links below to view more comments.
first 1-2021-29 next last
Do we bomb or not ?
1 posted on 04/05/2026 2:57:59 PM PDT by 11th_VA
[ Post Reply | Private Reply | View Replies]

To: 11th_VA

Bomb
Destroy


2 posted on 04/05/2026 3:03:58 PM PDT by Highest Authority (DemonRats are pure EVIL)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA
Of course you bomb them...


3 posted on 04/05/2026 3:05:29 PM PDT by jerod (Nazis were essentially Socialist in Hugo Boss uniforms... Get over it!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA

I don’t think this meets the criteria that Trump is demanding.


4 posted on 04/05/2026 3:06:15 PM PDT by Old Retired Army Guy (That's)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA
“Brotherly Iraq is exempt from any restrictions we have imposed on the Strait of Hormuz,”

Brotherly?
5 posted on 04/05/2026 3:06:51 PM PDT by clearcarbon (Fraudulent elections have consequences.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA

No Iranian oil sales from now on.
Period.
We should seize and board every
Iranian oil shipment
and seize it.

They won’t take care of themselves,
why should the world expect them to
be “Civil”.
Moslem’s all have a death wish.
Grant it.


6 posted on 04/05/2026 3:09:28 PM PDT by rellic
[ Post Reply | Private Reply | To 1 | View Replies]

To: clearcarbon

It’s a trick to try to get Iraq on their side in case of invadion.


7 posted on 04/05/2026 3:09:48 PM PDT by Highest Authority (DemonRats are pure EVIL)
[ Post Reply | Private Reply | To 5 | View Replies]

To: clearcarbon

Apparently some Shia Iraqi militia nutjobs entered Iran to help hold the majority of Persians down.


8 posted on 04/05/2026 3:10:33 PM PDT by Paladin2 (YMMV)
[ Post Reply | Private Reply | To 5 | View Replies]

To: 11th_VA

Not good enough.

Bomb them until they scream “Uncle!”

Then bomb them some more.

L


9 posted on 04/05/2026 3:13:14 PM PDT by Lurker ( Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA

The fact that these pirates think they can block and unblock a key waterway is outrageous in the first place.


10 posted on 04/05/2026 3:22:21 PM PDT by BenLurkin (The above is not a statement of fact. It is opinion or satire. Or both.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA

A stall and delay tactic by Iran. Do, or do not. There is no try. Open it.


11 posted on 04/05/2026 3:25:59 PM PDT by Obadiah
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA
Image
12 posted on 04/05/2026 3:27:48 PM PDT by CFW
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA

They think they can avoid the bombing by a small marginal and meaningless concession. They think they are clever. It is a cynical and insulting move. I hope it makes the President bomb them even harder but I’m not sure that is what will happen.


13 posted on 04/05/2026 3:28:27 PM PDT by gibsonguy
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA

Oil is fungible. Whether it’s Iraqi, or Iranian, or Russian, it helps relieve the pressure on the supply side. This weakens Iran’s position. Furthermore, guess how much Kuwait oil will get comingled with the Iraqi oil. Smuggling is perfected in that part of the world.


14 posted on 04/05/2026 3:44:20 PM PDT by tarator
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA

I agree that this is unlikely to satisfy the President. Check my math, but Iran’s oil represents about 2% of the world’s supply. About 20% of the world’s supply transits the Strait of Hormuz. What is stopping us from destroying Iran’s ability to produce oil? The IRGC is the main beneficiary of oil revenue. It seems to me a valid argument to take that away from them. It might be enough to tip the regime over, and it would certainly hamper their network of terror proxies. Let’s stop giving them deadlines, which only allow them to try to run out the clock.


15 posted on 04/05/2026 3:56:45 PM PDT by FlatulusMaximus
[ Post Reply | Private Reply | To 1 | View Replies]

To: FlatulusMaximus

Destroy the oil production we throw away all leverage to affect the regime’s behavior. The strait will not be open for months maybe years.


16 posted on 04/05/2026 4:00:11 PM PDT by central_va (I won’t be reconstructed and I do not give a damn)
[ Post Reply | Private Reply | To 15 | View Replies]

To: 11th_VA

“Do we bomb or not?”

Partially.


17 posted on 04/05/2026 4:12:21 PM PDT by Uncle Miltie (Not all 2,000,000,000 muslims want to murder me. But 200,000,000 probably do.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: CFW

lol !!!


18 posted on 04/05/2026 4:31:46 PM PDT by 11th_VA ("I got him before he got me.“ - President Trump)
[ Post Reply | Private Reply | To 12 | View Replies]

To: clearcarbon
Brotherly?

Iraq is basically an Iranian puppet state at this point, at least in some respects. Would not be surprised if revenue from Iraqi oil wound up being used to prop up the Iranian regime.

19 posted on 04/05/2026 4:36:22 PM PDT by EnderWiggin1970
[ Post Reply | Private Reply | To 5 | View Replies]

To: Highest Authority

“It’s a trick to try to get Iraq on their side in case of invasion.”
I bet you’re right!
They’re trying to get Pakistan to fight with them too by saying the US will destroy Pakistan’s nukes.
This obviously means Russia and the CCP won’t send their troops to help out.
The CCP hasn’t sent troops to help Russia either. Putin will be a dead duck unless he disaligns himself from the kook muslims and the conniving chinks.
BRICS will be the end of Russia.


20 posted on 04/05/2026 4:43:01 PM PDT by doc maverick
[ Post Reply | Private Reply | To 7 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-29 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson