The closure of the Strait of Hormuz has cut roughly 90% of Iraqi oil exports via the Gulf and cost the government $60B in revenue since the US-Israel war on Iran began. Iraq recently imported gasoline from Houston and 32,800 metric tons facilitated by Qatar's UCC Holding through the port of Baniyas. Baghdad intends to maintain these Syrian transit routes as permanent alternatives even if maritime traffic in the Gulf normalizes.
Tuesday, October 20, 2026
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Iraq Exports Crude via Hundreds of Daily Trucks Through Syria
Commodities13 days ago
Baghdad has sought an overland alternative for its oil shipping to circumvent the blockade of the Strait of Hormuz. The Syrian Petroleum Company reported that Iraq will transport crude through Syrian territory using hundreds of tanker trucks each day. This agreement expands an existing emergency corridor used to maintain domestic fuel supplies and export refinery byproducts of fuel oil.
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