Impact on Global Energy Markets Any disruption to Iraqi oil shipments via the strait sends immediate shockwaves through the global economy. These shipments predominantly head to energy-hungry economies in Asia, including China, India, and Japan, though European markets also remain significant customers.
Strategic Reserve and Security Planning for Strait of Hormuz Energy Transit
Approximately 21 million barrels per day of crude and refined products pass through its waters, with Iraqi exports constituting a substantial portion of this volume. Simultaneously, the industry has explored alternatives, such as pipeline projects that could bypass the maritime route entirely.
Volume and Destination of Iraqi Exports Iraq relies heavily on maritime transport for the majority of its petroleum sales, with the southern oil terminals of Al-Faw and Kharg Island being key loading points. Tehran has periodically demonstrated its capability to impede traffic through mining, drone strikes, or naval harassment, using the strait as a strategic bargaining chip.
Strategic Reserve and Security Planning for Strait of Hormuz Energy Transit
Impact of regional conflicts on the security of transit lanes. This passage, connecting the Persian Gulf with the Gulf of Oman and the Arabian Sea, remains the primary outlet for Baghdad's hydrocarbon wealth heading towards Asian markets and beyond.
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