#IraqOilExportsFall75%
Iraq’s oil exports have fallen 75% amid the Strait of Hormuz disruption.
Iraq normally exports around 3.4M–3.5M barrels/day. A 75% drop means only about 850K bpd could be moving roughly 2.6M barrels/day less.
That is a huge shock for Iraq’s economy, where oil accounts for most government revenue.
75% down. ~2.6M bpd affected. One chokepoint, global impact.
#cryptonews
Iraq’s oil exports have fallen 75% amid the Strait of Hormuz disruption.
Iraq normally exports around 3.4M–3.5M barrels/day. A 75% drop means only about 850K bpd could be moving roughly 2.6M barrels/day less.
That is a huge shock for Iraq’s economy, where oil accounts for most government revenue.
75% down. ~2.6M bpd affected. One chokepoint, global impact.
#cryptonews