Iraqi Oil Production Plummets as Strait of Hormuz Remains Blocked by Iran and US Tensions

The blockage of the Strait of Hormuz by Iran and ongoing US-Iran tensions have severely impacted Iraqi oil output, dropping it by 70%. Iran's effective closure of the strait for four days further exacerbates the regional energy crisis. These developments threaten global oil markets and could lead to increased fuel prices, prompting international calls for de-escalation and alternative routes to ensure energy security.