Iraq’s 14 Million Barrels of Trapped Oil Escape Through Hormuz

Oil trapped in Iraq due to the Middle East conflict has begun to flow out as the Strait of Hormuz saw a reduction in tensions, thanks to an uneasy US-Iran ceasefire. Over the past ten days, approximately 14 million barrels have successfully transited, potentially impacting global oil supply and prices. This development underscores the fragile nature of regional ceasefires and their direct effect on global energy markets. For those invested in or reliant on oil markets, this shift could bring both opportunities and challenges.