Iraq's crude oil exports reach new high since strait blockade, averaging 2 million barrels per day

智通财经2026/08/15 03:41

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The Iraqi Ministry of Oil stated on the 14th that since the beginning of August, the country’s average daily crude oil exports have rebounded to 2 million barrels, reaching the highest level since the outbreak of the Middle East conflict on February 28 and the disruption of shipping in the Strait of Hormuz. Iraqi Oil Minister Hayan Abdul Ghani said at a press conference, "Since the beginning of this month, crude oil exports have reached 2 million barrels per day," with a cumulative export volume of about 26 million barrels. Before the outbreak of the Middle East conflict, Iraq's average daily crude oil production was around 4 million barrels, with a monthly average export of about 105 million barrels, most of which were shipped from the southern Basra oil terminal and exported via the Strait of Hormuz. (Xinhua News Agency)

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On the afternoon of August 14 local time, U.S. President Trump, while speaking at an event in Garden City, New York, urged Americans to “accept higher gasoline prices” as a price that must be paid to “prevent Iran from obtaining nuclear weapons.” Trump also stated, “After we defeat Iran... I will soon declare the Strait of Hormuz to be U.S. territory.” It remains unclear how seriously these remarks should be taken. (CCTV International News)

智通财经•2026/08/15 01:26

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智通财经•2026/08/15 01:16