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

Iraq’s 14 Million Barrels of Trapped Oil Escape Through Hormuz
Bloomberg Markets Monday 29 June 2026, 14:24 UTC By Anthony Di Paola 1 min read
Key Points

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

Commodities Iraq’s 14 Million Barrels of Trapped Oil Escape Through Hormuz 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.
Iraq (LOCATION) Hormuz (LOCATION) Iraqi (ORG) the Middle East (LOCATION) the Persian Gulf (LOCATION) the Strait of Hormuz (LOCATION) US (LOCATION) Iran (LOCATION) Gulf (LOCATION) Asia (LOCATION) Europe (LOCATION) Bloomberg (PERSON)
Originally published by Bloomberg Markets Read original →

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