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

Iraq exported 10 million barrels of oil via the Strait of Hormuz in April, down sharply from about 93 million barrels per month before the Iran war. The steep drop underscores a major disruption to regional crude flows and raises supply risk for global oil markets. This is geopolitically driven and could support oil prices if the bottleneck persists.

Analysis

Iraq exported 10 million barrels of oil via the Strait of Hormuz in April, down sharply from about 93 million barrels per month before the Iran war. The steep drop underscores a major disruption to regional crude flows and raises supply risk for global oil markets. This is geopolitically driven and could support oil prices if the bottleneck persists.