Iraqi officials: Millions of barrels of crude oil exports will be blocked due to the closure of the Strait of Hormuz.

CoinFeed reported on April 19 that, according to Cailian Press, an Iraqi oil ministry official stated on the 19th that the closure of the Strait of Hormuz would disrupt nearly 4 million barrels of Iraqi crude oil exports over the next three days. The Iranian Islamic Revolutionary Guard Corps Navy issued a statement on the 18th, stating that due to the United States violating its ceasefire commitments and failing to lift its maritime blockade of Iranian ports and ships, it would close the Strait of Hormuz starting that evening.