Iraq's oil exports through the Strait of Hormuz have plummeted ninefold — Reuters

Iraqi oil exports through the Strait of Hormuz have plummeted amid the war with Iran—from approximately 93 million barrels per month to 10 million.

This was reported by Reuters.

According to Iraqi Oil Minister Hayan Abdul-Ghani, the main reason was the de facto blockade of tanker passage through the Strait of Hormuz due to security risks and insurance issues.

Currently, Iraq produces about 1.4 million barrels of oil per day.

Baghdad is attempting to partially offset the losses via the Kirkuk–Ceyhan pipeline to Turkey. Currently, about 200,000 barrels per day are exported through the Turkish port of Ceyhan, with plans to increase this volume to 500,000.

Iranian authorities have begun granting permission to select Chinese vessels to pass through the strategically important Strait of Hormuz.

The Strait of Hormuz has once again come to a near standstill

Additionally, the U.S. military struck the vessel Touska, which was attempting to pass through the Strait of Hormuz under the Iranian flag despite the blockade.