Iraq can restore oil output and exports to normal levels within seven days of the end of the crisis over the Strait of Hormuz, Deputy Oil Minister Basim Mohammed said on Saturday. He said production currently stood at 1.5 million barrels per day, with about 200,000 bpd exported via Ceyhan, while two tankers had been prepared and two more were expected depending on security conditions in the strait, which Tehran has largely closed during the US-Israeli war against Iran.
