Iraq’s oil exports are stalled by Strait of Hormuz risks, causing an 80% production drop and full storage tanks, despite a temporary deal with Iran. Options to bypass Hormuz carry geopolitical ...

Iraq is facing a crisis. About 80% of its oil exports have collapsed due to the Iranian blockade of the Strait of Hormuz, which the US is now also blocking to Iran. Baghdad is thus seeing many of its ...

The West Qurna 2 oilfield in southern Iraq, shown in 2017.Haidar Mohammed Ali/AFP/Getty Images Chevron is entering exclusive talks with Iraq's Basra Oil for a stake in one of the world's largest ...

Iraq is looking at alternative export routes for its oil, including moving 200,000 barrels a day on trucks through Turkey, Syria and Jordan. The move comes after oilfield operations were halted in the ...

Iraq has not used Syrian land route for decades Land route is more complicated and costly than shipment by sea Closure of Strait of Hormuz has led storage tanks to full BAGHDAD, March 31 ( - Iraq’s ...

Iraq has had to reduce oil production by around 80% Storage has filled up as Strait of Hormuz closure prevented exports Iraq produces more oil than it exports, giving it scope to increase exports even ...

Iraq is seeing the worst of the Middle East crisis as its heavily oil-dependent economy is now collapsing with the trickling oil revenues amid the blockage of the Strait of Hormuz. Iraq, OPEC’s second ...

BASRA, Iraq, April 6 - Iraq could restore crude oil exports to around 3.4 million barrels per day within a week provided the Iran war ends and the Strait of Hormuz reopens, the head of the country’s ...