Iraq’s 14 Million Barrels of Trapped Oil Escape Through Hormuz - Bloomberg.com
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Iraqi oil vessels have shipped approximately 14 million barrels through the Strait of Hormuz over the past ten days as transit eased during a fragile US-Iran ceasefire. The shipments, equivalent to roughly 1.4 million barrels per day, are headed to buyers across Asia, Europe, and the United States.
Iraq Ships 14 Million Barrels of Oil After Hormuz Transit Eases - Bloomberg
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Iraq’s 14 Million Barrels of Trapped Oil Escape Through Hormuz
Hormuz Traffic Declines as Ship Attacks Spark New Concerns
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*Hormuz Traffic Declines as Ship Attacks Spark New Concerns*
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By Anthony Di Paola
June 29, 2026 at 10:24 AM EDT
Iraqi oil stranded by the Middle East conflict has escaped the Persian Gulf over the past 10 days as transit via the Strait of Hormuz eased during an uneasy US-Iran ceasefire.
Vessels carrying about 14 million barrels of Iraqi oil exited the Gulf in the latter part of June and are now carrying crude to buyers in Asia, Europe and the US, according to tanker tracking data compiled by Bloomberg. That’s the equivalent of about 1.4 million barrels a day over the 10-day period.