Southern Iraq Oil Output Jumps 500,000 BPD to 1.5 Million as Tankers Reach Export Terminals
Southern Iraq's crude output has risen by about 500,000 barrels a day to 1.5 million bpd as more tankers reach export terminals, freeing storage space and allowing more barrels to be exported, according to Basra Oil and oil officials. Iraq increased output at the Rumaila field by 300,000 bpd to 650,000 bpd and restarted West Qurna 2 at about 150,000 bpd to lift southern production further.
The jump marks a broader recovery than earlier partial gains as tanker movements begin easing export bottlenecks tied to the Strait of Hormuz disruption. It comes ahead of Friday's planned signing of the US-Iran agreement to reopen the waterway; although several Iranian tankers have already crossed the US blockade line, oil and shipping firms have said wider traffic through Hormuz remains below normal.
From the sources (25 posts)
@osint613Iran’s Supreme National Security Council: • Iran says the MOU to end the war with the U.S. was finalized on June 14 following months of negotiations. • Immediate and permanent ceasefire to take effect tonight across all fronts, including
@treyyingstVice President Vance told Fox News that he plans to be at the signing ceremony in Geneva, and it's possible that President Trump will attend.
@mossadilIran's chief negotiator, Parliament Speaker Mohammad Bagher Ghalibaf, and Foreign Minister Abbas Araghchi, will head to Geneva to sign the agreement with U.S. Vice President JD Vance. NYT
@staunovoOil markets have reacted with enthusiasm to an interim agreement between US and Iran which should reopen the Strait of Hormuz and restore oil and gas flows — but that return to normality could be months away, analysts warn. A deal will eas
@staunovoA US-Iran deal intended to reopen the Strait of Hormuz within days has been met with caution by shipowners and traders, with almost all saying they would need more details in order to assess whether safe transits are possible after months o
@bulltheoryioAsian markets are surging, adding over $1 trillion in market value following President Trump's US-Iran peace deal announcement. Japan’s Nikkei is up +5%, adding $430 Billion to its market cap and hit new all-time high. Korea’s KOSPI is up
@marionawfal🇮🇱 Israel's Ben-Gvir says Trump's deal does not bind Israel, and he is drawing a hard line on Beirut. "Israel is not subject to the United States, and we are an independent and sovereign nation. We love the USA and are grateful to Presiden
@reutersOil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz
@reutersUS and Iranian officials said they had reached an agreement to end their war and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Tehran's nuclear program to further negotiations https://t.
@marionawfal🇺🇸 Trump says he'll restart strikes on Iran if it doesn't reach a final nuclear deal. He said the U.S. would either go back to attacking Tehran or become "the guardian of the Middle East" in return for 20% of the region's revenues. He ins
@polymarketintelIran's Mehr News Agency published the supposed 14 MOU clauses. $24 billion in frozen funds released in two tranches. Oil sanctions suspended. Naval blockade lifted within 30 days. U.S. commits to withdrawing forces, non-interference, and no
@polymarketintelIran's Supreme National Security Council: MOU ending the war with the U.S. finalized June 14. Permanent ceasefire tonight across all fronts including Lebanon. Naval blockade to be lifted immediately. Official signing set for June 19. Iran s
@financialjuiceECB's Nagel: Oil supply to take months to recover once the Strait opens
@staunovoRT @SStapczynski: The ship is near the exit of Hormuz. The tanker has kept its AIS on the entire time -- pretty uncommon for LNG ships sinc…
@firstsquawkU.S. CRUDE FUTURES FALL BELOW $80/BBL FOR FIRST TIME SINCE MARCH AFTER US, IRAN REACH PEACE DEAL
@businessThe US and Iran said they reached an interim agreement to reopen the Strait of Hormuz, halting a war that killed thousands of people. Rosalind Mathieson has the latest.
@mattparlmerRT @HormuzLetter: BREAKING: Iran says the US has agreed to pay $300 billion in reconstruction funds directly to Iran as part of the deal Pa…
@wsjmarketsU.S. Futures, Global Stocks Rise; Oil Prices Tumble on Iran Peace Deal
@marionawfal🇺🇸🇮🇷 The U.S. and Iran are telling very different stories about the money. Iran's Mehr news agency reported the deal commits Washington to releasing $24 billion in frozen Iranian assets during the 60-day talks, with half handed over before
@lloydslistA 60‑day US–Iran ceasefire has reopened the Strait of Hormuz, triggering rapid market reactions, but the maritime sector remains cautious amid unclear rules, unresolved nuclear negotiations and fears of reclosure
@businessUS stock index futures jumped and oil prices slumped after Washington and Tehran reached an interim deal to reopen the Strait of Hormuz
@marionawfal🇮🇱 Israel's Finance Minister Bezalel Smotrich: "The agreement with Iran is bad for Israel and for the entire free world. Period." He vowed Israel would keep working to topple the Iranian regime "ourselves and in creative ways," and to make
@cryptoroverBREAKING: 🇺🇸 🇮🇷 Iranian state media says the U.S. agreed to present reconstruction plans for Iran worth least 300 billion dollars.
@businessThe US and Iran have now reached an interim agreement that should restore flows through the Strait of Hormuz, but a return to normal trade is still months away. Read more: 📷️: Fadel Senna/AFP/Getty Images https://t.
@staunovoOne LNG tanker passes Hormuz after US-Iran agree to deal, shippers stay cautious