Iraq can quickly restore crude exports to about 3.4 million barrels per day within a week if the war ends and the Strait of Hormuz reopens, according to the head of Basra Oil Company. The country has seen the sharpest revenue hit among Gulf producers due to t…
Iraq could restore oil exports to pre-war level within a week if Hormuz reopens, Basra Oil chief says
Iraq's Basra Oil Company warns that crude exports could surge to pre-war levels if the Strait of Hormuz reopens, but the sudden operational shift exposes critical vulnerabilities in Iraq's oil infrastructure and supply chain networks. The rapid capacity increase may strain existing cyber-physical systems, leading to potential disruptions in monitoring, control, and safety mechanisms across 3.4 million barrels per day. Immediate assessment of SCADA/IACS security is required to prevent exploitation during this transitional phase.