- Global news includes the Federal Reserve raising interest rates, intense fighting in Southern Lebanon, and negotiations concerning oil movement through the Strait of Hormuz.
- Oil exports are dependent on stability through the Strait of Hormuz, which Iraq utilizes for its logistics.
- Iraq is currently supplying the Indian crude market while the Strait closure continues to impact global crude supply routes.
Indian refiner cancelled charter for Iraqi crude as Iran claims control of the strategic waterway.
1 report, 1 independent
Updated Jul 8
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What happened
Indian refiner cancelled charter for Iraqi crude as Iran claims control of the strategic waterway.