Iraq’s Oil Minister Basim Mohammed Khudair said the country exported 10 million barrels of oil via the Strait of Hormuz in April. He said the decline reflects severe disruption caused by regional conflict affecting the strategic waterway. The situation has significantly impacted global energy supply chains. Khudair said Iraq previously exported about 93 million barrels […]
Iraq oil exports
Oil prices ease as Iraq-Kurd deal eases Middle East supply concerns
Oil prices softened on Wednesday after Iraq and Kurdish authorities reached an agreement to resume crude exports via Turkey’s Ceyhan port, providing some relief amid persistent Middle East supply disruptions. Brent futures remained above $100 per barrel, reflecting ongoing geopolitical tensions and uncertainty in global energy markets. Brent crude fell 67 cents, or 0.65%, to […]
Iraq, KRG reach deal to resume oil exports through Ceyhan
The Iraqi federal government and the Kurdistan Regional Government have reached an agreement to resume oil exports via Ceyhan port starting Wednesday, following weeks of halted shipments due to regional tensions and security concerns. Oil flow is expected to commence at 10 a.m. local time, restoring a critical export route. A joint committee will be […]