Iraq oil exports could resume within a week, minister says

Iraq oil exports could resume within a week, minister says Iraq’s Deputy Oil Minister Basim Mohammed said Iraq could restore oil output and exports to normal levels within seven days once the crisis over the Strait of Hormuz ends. “Iraq can restore oil output and exports to normal levels within seven days of the crisis ending,” he said. He added that production currently stands at about 1.5 million barrels per day, with roughly 200,000 barrels exported via Ceyhan in Turkey.