Energy
Iraq's oil production has collapsed to 1.39 million bpd following a Strait of Hormuz blockade, forcing Baghdad into a desperate scramble to revive northern export pipelines through Turkey. The supply disruption tightens global crude markets while simultaneously elevating geopolitical risk premiums and spotlighting pipeline infrastructure plays in the region.
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↑ LONG+6% target-4% stop1-3 weeks tactical
Long BNO and USO on near-term crude supply shock as Iraq's 1.39M bpd export collapse removes meaningful barrels from a market with limited short-term replacement capacity.