Financial Ports

Iraq Revives Gulf Shipping After 50-Year Hiatus: But Hormuz Looms

CLAVE 1 / 4Iraq’s Basrah vessel departs Jebel Ali for Umm Qasr, marking the first commercial Gulf service in over 50 years.

CLAVE 2 / 4The 17,787 DWT ship can carry 900 TEU, operating an eight-day shuttle between UAE and Iraq.

CLAVE 3 / 4Aqaba port sees 933% surge in Iraq-bound transit containers in 2026, as shippers avoid Hormuz risks.

CLAVE 4 / 4New route does not bypass the Strait of Hormuz, despite ongoing security threats in the waterway.

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