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النشرة
Iraq's Oil Exports Drop 75 Percent
Iraqi oil exports have decreased by 75% due to the closure of the Strait of Hormuz, according to Iraqi Oil Minister Basem Mohammed Khudair. He indicated that there are ongoing discussions with Iran to allow oil shipments, but these have not been activated yet. The minister also confirmed Iraq's rejection of any attacks on oil companies and agreed to provide compensation in case of damage. Additionally, he mentioned that Iraqi oil tankers have successfully passed through the Strait of Hormuz, while Iranian sources spoke of two explosions aboard an oil tanker in the passage. This comes amid escalating tensions in the region and threats from both the US and Iran regarding control of the strait and its use to impose tolls.
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