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

The Israel-Iran conflict has caused a sharp decline in Iraq's crude oil exports through the Strait of Hormuz, with approximately 10 million barrels exported in April, far below the approximately 93 million barrels per month before the US-Israel-Iran conflict. Iraq plans to increase the flow capacity of the Kirkuk-Ceyhan oil pipeline to boost exports, but warns that exports may not return to pre-war levels if the conflict persists. Iraq is considering dialogue and cooperation with OPEC to enhance export capacity.