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Iraq exported 10 million barrels of oil through Strait of Hormuz in April
BAGHDAD: Iraq exported 10 million barrels of oil via the Strait of Hormuz in April, down from about 93 million barrels monthly before the Iran war, the country’s new oil minister, Basim Mohammed, said at a press conference on Saturday. The closure of the Strait of Hormuz due to the Iran war has curtailed oil exports from Saudi Arabia, the UAE, Kuwait and Iraq, sending prices sharply higher. “Exports through the Strait of Hormuz are low and depend on the arrival of oil tankers, which are not entering because of insurance,” he said in his first press conference after taking office.
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cnbc.com
Hormuz closure cuts OPEC oil production by 30% and threatens demand growth this year, cartel says
Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of the Strait of the Hormuz.
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hindustantimes.com
Global oil prices ease after Iran confirms 30 vessels crossed Strait of Hormuz
A Chinese supertanker carrying 2 million barrels of Iraqi crude sailed through the strait on Wednesday after being stranded in the Gulf for more than two months | World News
