NEWS: Tensions in the Strait of Hormuz are slowing down oil tanker arrivals, causing storage facilities to become full, 🇮🇶Iraq has already cut and will continue to cut crude oil production:

With Rumaila oil field production down by 700,000 barrels on Tuesday, production at Rumaila is expected to shut down in the coming days.
Iraq will also cut crude oil output from West Qurna 2 to 450,000 barrels per day.
If oil tankers cannot move freely and reach loading ports, Iraq will be forced to reduce production in the next few days, with a decrease of over 3 million barrels per day.
$WTI $USOIL $UKOIL $CL $USOUSD