Oil Flow From Iraq Halts
- Share via
DUBAI, United Arab Emirates — q’s oil exports came to a complete halt today as a world embargo took hold after its invasion of Kuwait.
Oil industry sources said no Iraqi oil was leaving Turkey or Saudi Arabia, which carry nearly 90% of Baghdad’s exports by pipeline, nor was any oil leaving Iraq by sea.
Oil is Iraq’s main source of foreign exchange, and a prolonged embargo could destroy its economy. It was exporting 2.7 million barrels per day--5% of world output.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
More From the Los Angeles Times
Podcasts
A series of small-town dog killings was a prelude to the violence committed by one of California’s deadliest serial killers.
The stories behind the most compelling cases from the people who know them best.
From punchlines to policy, comedian Esteban Gast and Sammy Roth explore laughter as a powerful tool for change.
