Iraq exports through Hormuz fell to 10 million barrels in April – oil minister

BAGHDAD—Iraq’s oil exports through the Strait of Hormuz plunged to just 10 million barrels in April, the country’s new oil minister said Saturday. A founding member of the OPEC oil cartel, Iraq normally exports the majority of its crude through the crucial waterway. But like other exporters in the oil-rich region, it has been left scrambling for alternative routes after Iran blockaded the strait. “Iraq previously exported 93 million barrels per month through the Strait of Hormuz. But last April we exported only 10 million barrels due to the war,” said Bassem Mohammed Khudair during a handover ceremony to assume […]... Keep on reading: Iraq exports through Hormuz fell to 10 million barrels in April – oil minister

Original source: Philippine Daily Inquirer