Iraq's oil minister announced that the country's oil fields are fully prepared to resume normal operations and increase exports, but said the pace depends on the situation in the Strait of Hormuz. The speed of resuming Iraqi exports will be determined by tankers' ability to transit the strait continuously without disruption.
Iraq's oil minister stated that the country's oil fields are fully ready to resume normal operations and boost exports, but emphasized that the pace of the return to full activity is contingent on traffic conditions in the Strait of Hormuz. He explained that the speed of resuming Iraqi crude oil exports will be determined by tankers' ability to transit the strait continuously and without disruption. The announcement comes as the Strait of Hormuz, a critical maritime chokepoint for global oil shipments, has been subject to varying degrees of closure and partial reopening amid the broader US-Iran nuclear and security deal framework. As The Zioneer previously reported (Thu Jun 18), President Trump stated that passage through the strait still required Iranian coordination, while Tehran has linked full reopening to Israeli withdrawal from Lebanon. Iraq's position — a major OPEC producer — is directly tied to the strait's status, as most of its crude exports pass through the waterway.
- StrongTrump says tankers are sailing out of Strait of Hormuz, contradicting Iranian reports
- DevelopingUS Energy Secretary: No Iranian crude will leave the Strait of Hormuz
- DevelopingOil surges after Iran declares Strait of Hormuz closure
- ConfirmedTrump: Strait of Hormuz transit still requires Iranian coordination
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- Internal intake