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BumRushDaShow

(172,382 posts)
Sat May 16, 2026, 11:15 AM Saturday

Iraq exported 10 million barrels of oil through Strait of Hormuz in April

Source: Reuters

May 16, 2026 3:53 AM EDT Updated 6 hours ago


BAGHDAD, May 16 (Reuters) - 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. Iraq is currently producing ​1.4 million barrels per day.

The country's crude exports through the Kirkuk–Ceyhan oil pipeline resumed in ​March, after Baghdad and the Kurdistan Regional Government agreed on restarting flows. "We export 200,000 barrels through (Turkish) Ceyhan port, and we have a plan to increase it to 500,000 barrels", Mohammed said.

Read more: https://www.reuters.com/business/energy/iraq-exported-10-million-barrels-oil-through-strait-hormuz-april-2026-05-16/

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Iraq exported 10 million barrels of oil through Strait of Hormuz in April (Original Post) BumRushDaShow Saturday OP
They certainly need to figure out something and soon EX500rider Saturday #1

EX500rider

(12,777 posts)
1. They certainly need to figure out something and soon
Sat May 16, 2026, 12:09 PM
Saturday
Crude oil revenues account for approximately 88% to 90% of the Iraqi government's total federal budget

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