The Israel-Iran conflict causes a sharp decline in Iraq's crude oil exports

Golden Ten Data reported on May 17 that Iraq’s new oil minister, Bassem Mohammed Khudair, stated at a press conference on the 16th that the country exported about 10 million barrels of crude oil through the Strait of Hormuz in April, far below the approximately 93 million barrels per month before the outbreak of the US-Israel-Iran conflict. Khudair said Iraq currently plans to increase the flow capacity of the oil pipeline connecting Kirkuk in Iraq to the Turkish port of Ceyhan to boost exports. However, if the war does not end, Iraq’s crude oil exports cannot return to pre-war levels. Iraq plans to engage in dialogue and cooperation with the Organization of the Petroleum Exporting Countries (OPEC) to enhance the country’s export capacity.