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FacebookTwitterEmailLinkedin Iraq’s oil exports through the Strait of Hormuz have fallen sharply, with Oil Minister Basim Mohammed saying only about 10 million barrels were exported in April, compared with roughly 93 million barrels per month before the Iran war. Iraq’s Oil Minister attributed the drop to disrupted shipping, including tanker insurance problems that have reduced vessel arrivals, Reuters reports. The wider conflict has also constrained exports from major producers including Saudi Arabia, the UAE, Kuwait, and Iraq, pushing global oil prices higher. RelatedNews Signal: Global seaborne coal flows increased by 6% y/y in April Iran prepares mechanism including tolls for safe passage in Hormuz var jnews_module_21373082_0_6a0aef8e8c6db = {"header_icon":"","first_title":"Related","second_title":"News","url":"","header_type":"heading_8","header_background":"","header_secondary_background":"","header_text_color":"","header_line_color":"","header_accent_color":"","header_filter_category":"","header_filter_author":"","header_filter_tag":"","header_filter_cpt_post_tag":"","header_filter_cpt_tribe_events_cat":"","header_filter_cpt_web_story_category":"","header_filter_cpt_web_story_tag":"","header_filter_text":"All","sticky_post":false,"sticky_post_filter":false,"post_type":"post","content_type":"all","sponsor":false,"number_post":"2","post_offset":0,"unique_content":"unique1","include_post":"","included_only":false,"exclude_post":"21373082","include_category":"","exclude_category":"","include_author":"","include_tag":"4346,227,1763,2647","exclude_tag":"","exclude_visited_post":false,"post_tag":"","tribe_events_cat":"","web_story_category":"","web_story_tag":"","sort_by":"latest","show_date":"","date_format":"default","date_format_custom":"Y\/m\/d","pagination_mode":"disable","pagination_nextprev_showtext":"","pagination_number_post":"2","pagination_scroll_limit":0,"ads_type":"disable","ads_position":1,"ads_random":"","ads_image":"","ads_image_tablet":"","ads_image
Strait of Hormuz situation caused excessive drop in Iraq’s oil exports
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