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
Importance
Level 1
- 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#ENERGY#EU SESSION#US SESSION#WTI#COMMODITIES#ENERGY & POWER