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Affected by regional tensions, a giant oil field in southern Iraq announces suspension of production
On the 3rd local time, the Iraqi Ministry of Oil issued a statement saying that due to the closure of the Strait of Hormuz causing disruptions in international shipping, oil tankers entering the Persian Gulf waters are obstructed, leading to a shortage of oil tankers at southern Iraqi ports. The country’s southern giant oil field, Rumaila, announced a suspension of production.
In addition, affected by regional tensions, the Kurdistan Regional Government (KRG) in northern Iraq announced on the 3rd that it would suspend oil exports from the KRG to the Turkish port of Ceyhan.