Iran Lifts Strait of Hormuz Restrictions for Iraqi Oil Tankers
Iran has lifted its shipping restrictions on Iraqi vessels in the Strait of Hormuz, potentially allowing Baghdad to significantly boost its crude oil exports.
OPEC+ has formally agreed to raise oil production quotas by 206k barrels per day. However, real output growth is impossible due to the closed Strait of Hormuz and widespread infrastructure damage among key producers.
April 5, 2026Iran has lifted its shipping restrictions on Iraqi vessels in the Strait of Hormuz, potentially allowing Baghdad to significantly boost its crude oil exports.
Eight OPEC+ nations plan to agree on higher oil production quotas as a symbolic gesture ahead of a potential reopening of the Strait of Hormuz.
The United States has renewed a key license permitting Kazakhstan to transit Russian oil through its territory to China until March 2027, securing hundreds of millions in annual revenue for Astana and stabilizing energy flows amid global market volatility.
The Trump administration is studying potential economic fallout from oil prices hitting $200 per barrel as part of contingency planning related to Iran.
Kazakhstan is locked in a $5 billion legal fight with operators of the Kashagan oil field over sulfur storage limits, with cases proceeding in both national courts and international arbitration in Washington.
At CERAWeek, Energy Minister Yerlan Akkenshenov detailed Kazakhstan's plans for its oil industry, focusing on securing key export routes like the CPC pipeline, attracting investment, and doubling refining capacity.

Kazakhstan's Energy Minister Yerlan Akkenzhenov met with US Secretary Christopher Wright at CERAWeek in Houston. They discussed strategic energy partnership, $60+ billion in US investments, key oil projects like Tengiz, and diversifying export routes including CPC and Trans-Caspian corridors.

Kazakh Energy Minister Yerlan Akkenshenov met with Chevron CEO Michael Wirth at CERAWeek in Houston to discuss major projects like Tengiz and Kashagan, as well as expanding export routes via the Trans-Caspian corridor.

Kazakh Energy Minister Yerlan Akkenshenov met with ExxonMobil's Dan Ammann at CERAWeek in Houston to discuss strategic projects like Tengiz and Kashagan, emphasizing local content development exceeding 90%.

Kazakhstan's government has approved a national project to develop coal power generation, featuring a new preferential mortgage scheme for industry workers and plans to create thousands of jobs.
Rosatom's CEO states that Uzbekistan's combined large and small reactor nuclear project could serve as an international model. The initiative includes the world's first export contract for a small modular reactor.

A new nuclear power plant being built with Russia in Uzbekistan's Jizzakh Region will save about 3.6 billion cubic meters of gas yearly and cover up to 15% of national electricity demand.





The World Bank has granted Uzbekistan $10.6 million to fix leaks in its aging gas pipelines. The project aims to save fuel, boost energy security, create jobs, and reduce harmful emissions.
