Iraq is seeking tender offers to export oil through ports in Syria and Jordan after shipments through the Strait of Hormuz were halted by threats and attacks from Iran, WSJ reports

• The blockade of the strait has forced Iraq to lower its output from roughly 4.4mln BPD to 1.5-1.6mln BPD to meet domestic refinery and power-plant requirements.

Iraq's decision to seek alternative export routes for oil signifies a critical response to disruptions in the Strait of Hormuz, primarily driven by Iranian threats. This move could impact global oil supply dynamics and prices, particularly for WTI, as Iraq reduces output to prioritize domestic needs, highlighting vulnerabilities in the region's energy supply chain.