🚨 JUST IN: IRAQ SLASHES OIL OUTPUT ⚠️🛢️
🇮🇶 cuts oil production by 80% as storage fills and exports remain blocked
💥 This is a massive supply shock
📊 What this means:
• Global oil supply taking another hit
• Storage maxed → production forced down
• Markets facing extreme volatility
⚠️ Why this is HUGE:
• Hormuz disruption = global bottleneck
• Multiple producers now constrained
• Risk of price spikes + inflation surge
🔥 Big picture:
👉 Supply collapsing
👉 Routes blocked
👉 Crisis deepening
💣 Bottom line:
When Iraq cuts 80%…
👉 the world feels it
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