Iraq Ships 7 Million Barrels in June, Matching April and May Totals
Updated
Updated · Bloomberg · Jun 10
Iraq Ships 7 Million Barrels in June, Matching April and May Totals
3 articles · Updated · Bloomberg · Jun 10
Summary
About 7 million barrels of Iraqi crude have already exited the Strait of Hormuz or loaded at Basrah so far this month, matching the full monthly totals recorded in both April and May.
The increase reflects faster loadings at Iraq’s main southern export hub and a pickup in tanker traffic through Hormuz, a key route for Persian Gulf oil flows.
A wave of previously stranded tankers carrying Iraqi crude departed at the end of May, helping clear delayed shipments and lift June export volumes.
The rebound signals that Iraq and other major OPEC producers in the region are moving more barrels through the strategic waterway despite recent disruptions.