🇮🇶The Hormuz closure cut Iraq’s oil exports by 75%; pre-conflict strait shipments were approximately 3.4 million barrels daily.

Iraqi Oil Minister Basim Mohammed Khudair said Iraq’s oil exports had fallen by 75% because of the closure of the Strait of Hormuz. Before the U.S.-Israel-Iran conflict, Iraq exported approximately 3.4 million barrels of oil per day through the strait.

Iraq was negotiating with Iran about arrangements that would permit Iraqi oil exports, but the coordination had not yet taken effect. The source did not provide Iraq’s current daily export volume after the reported decline.

Khudair said Iraq needed to find solutions that would diversify its oil-export routes. Separately, he put the estimated cost of the proposed Basra–Fishkhabur pipeline at no more than $15 billion, including a branch from Haditha to Baniyas, pumping stations, and storage facilities.