14 hours ago
Iraq says oil exports unaffected despite Iran-Israel conflict
Baghdad ( – Iraq has confirmed that its crude oil exports continue without disruption, even as military tensions escalate between Israel and neighboring Iran.
Shada Al-Azzawi, a member of Iraq's Parliamentary Oil and Gas Committee, stated that export operations through the Strait of Hormuz remain stable, with no signs of interruption due to the regional conflict.
The Iraqi Ministry of Oil reported that in May, the country's oil production slightly exceeded 4 million barrels per day (bpd), with approximately 3.3 million bpd exported—mainly to China and India, Iraq's largest buyers.
Despite concerns that the Strait of Hormuz, a crucial water entrance for global oil supplies, may become a flashpoint if Iran chooses to retaliate or limit access in retaliation to Israeli bombings, Iraqi officials have stated that oil flows remain stable.
As OPEC's second-largest oil producer, Iraq depends heavily on Hormuz for transporting the bulk of its crude exports. Any disruption to this route could have serious implications for both Iraq's economy and global energy markets.
