Iraq devalued its currency by 13% against the dollar, as the economy comes under strain with the effective closure of the Strait of Hormuz hitting oil exports.

Iraq is set to hire additional tankers, with at least two arriving over the next few days as the country looks for greater control over moving its oil through the heavily contested Strait of Hormuz.

The closure of Saudi Arabia’s East-West pipeline sparked further fallout on Saturday after the attacks were determined to have been launched from inside Iraq.

Iraq is moving to contain the fallout from attacks that caused the closure of Saudi Arabia’s East-West pipeline, after the strikes were found to have been launched from inside the country.

Iraq is holding a tender to hire two or more oil supertankers to perform transits through the Strait of Hormuz, the latest evidence that producers in the region are trying to take greater control of their exports through the chokepoint.

Iraq is seeking a significant increase in the country’s oil production quota as OPEC and its allies conduct a review of members’ capacities aimed at determining how much they can pump next year, according to people familiar with the matter.

Iraq is struggling to find buyers to collect its crude from inside the Persian Gulf this month after sharply raising the price of its barrels, a development that could jeopardize a pickkup in the nation’s oil flows.

Iraq is in the process of trying to hire multiple tankers to transit the Strait of Hormuz as Baghdad steps up efforts to get its crude to global markets.

Turkey reached an agreement with Iraq to extend an expired oil pipeline deal by one year and increase flows through it, ensuring supply through an exports route that bypasses the Strait of Hormuz.

Iraq will sign an agreement with Syria on the construction of pipelines linking oil production sites to global export markets via the Mediterranean, according to a statement.

Iraq said it continues to load oil onto tankers at its Basrah export installations in the Persian Gulf and that no damage had been sustained to a vessel while it loaded there.