Iraq races to expand alternative oil export routes as Hormuz crisis cripples revenues

Iraq to triple crude oil exports via Ceyhan pipeline amid Strait of Hormuz closure

Iraq tripled Kirkuk-Ceyhan pipeline flow to 650,000 bpd after Hormuz closure caused 89% export drop during Iran conflict. Hormuz shutdown blocks 20% global supply, signaling infrastructure vulnerability raising energy costs for downstream tech operations.