Iraq reportedly resumes Southern Oil exports after month-long halt due to Strait of Hormuz disruption, one tanker begins loading, according to four energy sources cited by Reuters

Iraq's resumption of Southern oil exports after a month-long disruption is a significant development in the oil market, particularly given the critical role the Strait of Hormuz plays in global oil supply.

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Newsquawk US Market Wrap: Stocks at record highs and oil dives as Iran reopens Hormuz

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Iraq reportedly resumes Southern Oil exports after month-long halt due to Strait of Hormuz disruption, one tanker begins loading, according to four energy sources cited by Reuters

Vessels that had started to make their way towards the Strait of Hormuz to exit the Gulf after Iran declared the waterway open have either stopped or turned back, according to ship tracking data cited by FT

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This could ease upward pressure on WTI prices and reflects a recovery in regional logistics, which may influence broader energy market dynamics and geopolitical risk perception.

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