Institutional Analysis of the Impact of Iran's Exemption from Iraq Oil Exports

Independent investment research platform HFI Research states that the impact of Iran's exemption on Iraq's oil exports will depend on the circumstances. First, the fully loaded oil tankers stranded at Iraqi ports must be able to depart and unload their cargo. Second, empty tankers must be able to pass through the Strait of Hormuz for loading operations. Iraq's onshore storage facilities need to be emptied first to facilitate production recovery. If oil production resumes, an estimated 3.4 million barrels per day of crude oil output will be released, but it is expected to take approximately 6-8 weeks to restart production. Overall, the impact on oil prices is bearish. (The above views are for reference only and do not constitute investment advice.)#Gate广场四月发帖挑战