India, April 5 -- US Israel Iran War Latest Update: As the US-Israel-Iran conflict enters its fifth week, Iran has slightly relaxed its strict control over the Strait of Hormuz by allowing Iraq to bypass certain shipping restrictions. This move is important for global oil markets, as Iraq is a major crude oil producer.

An Iranian military spokesperson confirmed the decision, stating, "Brotherly Iraq is exempt from any restrictions we have imposed on the Strait of Hormuz."

Strait of Hormuz Update: Impact on Global Oil Supply

The exemption could help release up to 3 million barrels of Iraqi oil per day into the international market. However, uncertainty remains. Iraqi officials have warned that the real impact will depend on whether ship...