Iraqi ships exempt from Hormuz ban

The exemption has the potential to release up to 3 million barrels of Iraqi oil per day into global markets, potentially easing some energy supply pressures.

However, other nations that rely on the strait remain blocked, leading to a diplomatic scramble for similar concessions.

The move is seen as a strategic attempt by Iran to drive a wedge between the U.S. and its regional partners.

Seafarers on other stranded vessels continue to report dwindling supplies of food and water as the crisis enters its sixth week.