Despite the rise in oil prices, Iraqi exports have been affected by the closure of the Strait of Hormuz

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Despite the rise in oil prices, Iraqi exports have been affected by the closure of the Strait of Hormuz
Barclays has kept its forecast for the average price of Brent crude at $100 per barrel in 2026, warning that continued tensions around the Strait of Hormuz increase the risk of further price jumps and disrupt Iraqi and Gulf oil exports.
Brent forecast holds at $100 as Hormuz closure hits Iraqi exports

Brent forecast holds at $100 as Hormuz closure hits Iraqi exports

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