Gate News message, April 19 — An Iraqi Oil Ministry official stated that the closure of the Strait of Hormuz will disrupt the export of approximately 4 million barrels of Iraqi crude oil over the next three days.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Iran Uses Bitcoin for Hormuz Strait Oil Transit Fees, But Stablecoins Handle Majority of Actual Fund Transfers
Iran is utilizing Bitcoin for oil transit fee settlements via the Strait of Hormuz, but stablecoins dominate actual fund transfers in these transactions.
GateNews4h ago
Trump-Iran War Wipes Out 500 Million Barrels, Erases $50 Billion in Seven Weeks
The Trump-Iran war has severely disrupted global oil supply, cutting over 500 million barrels and causing $50 billion in losses in seven weeks. Analysts predict prolonged impacts on supply chains, with significant recovery delays expected.
GateNews9h ago
Bitcoin Swings on Hormuz Strait Reports, Triggering $762M in Liquidations
Bitcoin rose to $78,000 but dropped to $76,091 following reports of tensions in the Strait of Hormuz. Iran's actions triggered $762 million in liquidations among traders, with implications for crypto markets as Iran accepts payments in bitcoin and other currencies to navigate sanctions.
GateNews10h ago
China's Solar Exports Surge 80%, EV Shipments Hit Record Amid Energy Transition
China's clean energy exports surged in March, with solar cell exports up 80% and EVs rising 53%, fueled by global demand amidst oil supply issues. However, domestic overcapacity and international tariffs pose challenges to the industry's growth.
GateNews10h ago
India Summons Iranian Ambassador Over Attack on Oil Tankers in Strait of Hormuz
India's Foreign Ministry summoned Iran's ambassador to protest IRGC naval attacks on Indian-flagged ships in the Strait of Hormuz, demanding an explanation. One ship carrying crude oil was damaged, but all crew members are safe.
GateNews10h ago
Iran Announces Hormuz Strait Open to Commercial Ships Amid Regional Tensions
Iran's Foreign Minister affirmed the Strait of Hormuz is open to commercial shipping, ensuring freedom of navigation amid regional tensions, crucial for global oil exports.
GateNews11h ago