Iraq’s oil ministry says it has reached “understandings” with the United States and Iran to reduce the impact of the ongoing blockade of the Strait of Hormuz on its oil exports.

A ministry spokesperson, Saheb Bazoun, said the arrangements are aimed at ensuring continued crude shipments despite disruptions in the key global energy route.

The Strait of Hormuz, through which roughly a fifth of the world’s oil and gas supply passes, has been severely affected by tensions linked to the recent US–Iran conflict, causing major disruptions to maritime traffic.

To mitigate the impact, Iraq has turned to alternative export routes, including pipelines to the Turkish port of Ceyhan and shipments via Syria’s Baniyas port.

Authorities also confirmed that crude oil exports have resumed at about 250,000 barrels per day through Ceyhan, with additional deliveries being transported by tanker trucks through Syria.

The crisis has significantly affected Iraq’s economy, as oil exports account for about 90 percent of its government revenue.

Reports indicate that revenues dropped by more than 70 percent in March compared to February, highlighting the economic strain caused by the blockade and broader regional instability.

Despite a fragile ceasefire between the US and Iran, tensions remain high, with the blockade continuing to send shockwaves through global energy markets.