🚨 Iraq Oil Exports Crash 75% After Hormuz Closure
Iraq’s oil exports have reportedly dropped 75% after the Strait of Hormuz was closed, heavily disrupting crude shipments.
Iraq is now negotiating with Iran to restore export access, but coordination has not yet taken effect. If the disruption continues, global oil supply could tighten further and increase volatility in energy prices.
#Oil #Iraq
Iraq’s oil exports have reportedly dropped 75% after the Strait of Hormuz was closed, heavily disrupting crude shipments.
Iraq is now negotiating with Iran to restore export access, but coordination has not yet taken effect. If the disruption continues, global oil supply could tighten further and increase volatility in energy prices.
#Oil #Iraq