Newsig · Oil & Gas
Iraq Devalues Dinar 14.5% as Hormuz Disruption Drains Oil Revenue
Iraq devalued the dinar by 14.5% on Wednesday, setting the exchange rate at 1,520 per dollar after months of disruption to oil exports through the Strait of Hormuz cut into the government’s main source of revenue. The cabinet adopted the new exchange-rate structure on Tuesday, with the changes takin
Why it matters
CL (Crude Oil (WTI)) · Why linked: Hormuz disruption directly impacts oil supply and pricing, the core reason for Iraq's devaluation. Market context: Disruption to Strait of Hormuz oil flows would tighten supply and push crude prices higher.
BZ (Brent Crude Oil) · Why linked: Hormuz disruption affects global seaborne oil flows, directly impacting Brent benchmarks. Market context: Restricted Middle East crude flows through Hormuz would lift Brent prices on supply concerns.
How CL, BZ usually react
This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.
| Asset | Events | Avg max move | Closed lower |
|---|---|---|---|
| CL | 154 | +3.04% | 43% |
| BZ | 146 | +2.85% | 40% |
Curated by Newsig — News in. Signal out.
How the reaction data is measured · Editorial policy