Member Info for NathanC

Https://oilprice.com/Energy/Crude-Oil/The-Clock-Is-Ticking-Down-To-Iraqs-Economic-Disaster-On-27-July.html

Iraq needs to hammer out a deal according to this article

Because they have a cash position and potential for resumed exports, the current price is equivalent to their held cash

Iran has struck targets in Kurdistan, Bahrain and Kuwait today.

Https://www.fxleaders.com/news/2026/06/01/exxon-mobil-warns-oil-could-hit-160-as-global-inventories-near-unheard-of-lows/

Exxon warning of massive increases in oil price

Operations have restarted, it will take time to increase oil production to normal levels though.

https://www.iraqinews.com/iraq/dno-kurdistan-oil-resumption-may-2026/

I sold at £2.30 area. There is no oil production atm from this company and this war could go for much longer. Hopefully I haven't made an awful error, but I don't see how this can go much further up without pumping oil.

Nothing stopping DNO from agreeing to the deal, especially if the deal is improved. The oil is liquid gold and KRG has most likely gotten the Iraqi government to agree to some concessions in order to send oil through ITP.

Seems we have reached a deal to resume exports through the Ceyhan pipeline. Good luck to all long term holders, this will be very positive for share price

https://www.trtworld.com/article/2a59d74606f1

Good luck all let's hope share price gets sent to the moon and dividends follow

The shoe is on the other foot now with Baghdad asking to resume Ceyhan exports. It truly must be the end of days. Let's see a total revamp of the budget and partial arrears recovery. We will see on this RNS if DNO/Genel was correct in opting out of the deal, if GKP is owed even more receivables. I wouldn't say that the Shia power structure in Iraq or Iran has been dismantled. They are still a major threat as long as a singular drone can hit billion dollar oil / gas facilities, or desalination facilities. America is going to need boots on the ground to do a proper regime change, and domestic support for that is low. But since when have our rulers ever listened to domestic opinion?

Gotta agree, "this again", except this time Kurdistan has significant leverage.

https://oilprice.com/Energy/Crude-Oil/Kurdistan-Leverages-Oil-Amid-Baghdad-Iran-Tensions.html

As further testament to those who believe God has an impish sense of humour, Baghdad’s ability to make any meaningful money from its own crude oil exports now rests squarely on the KRG agreeing to its request to allow it to use the ITP to move its oil to Turkey. This has become even more pressing for the FGI following the decision of newly installed Iranian Supreme Leader, Mojtaba Khamenei, to keep the Strait of Hormuz blocked until further notice. Given the inability to monetise the vast bulk of the 3.3-3.5 million barrels per day of oil that it usually shipped south through the Strait of Hormuz, Baghdad last week formally asked the KRG that it be allowed to pump up to 200,000 bpd crude ‌from its state-managed Kirkuk oilfields to Turkey’s port of Ceyhan, a senior source close to Iraq’s Oil Ministry exclusively told OilPrice.com last week. “This is a starting point, with the hope that it could be increased in the coming weeks, but we’ve heard nothing back from them [the KRG] yet,” the source added. A senior source in the European Union’s (E.U.’s) energy security complex told OilPrice.com exclusively over the weekend that any agreement from the KRG would come “with a very long list of conditions”.

Iraq now needs the Ceyhan pipeline since Hormuz tankers aren't too keen to sail. Let's hope this goes to £2.10 soon.

Honestly not sure how this is holding steady at £2 considering the oil field is shut and the war is clearly going to drag on longer than 2 weeks. Impressive but strange, what could this mean?

Israel has created a martyr in Khameini alongside all of his grandchildren and innocent girls in his family. No way Iran will be letting this go without punishing those responsible. Shia Islam idolizes martyrs and the Iranians will be out for blood for a long time, including their Shia proxies Hezbollah, Iraq and Yemen, although it does seem that Yemen is sitting out of the conflict for a while, if they enter then the Red Sea will also be threatened. Seems that Israel (and America) got what they wanted, a regional war and yet another refugee crisis to flood Europe, as well as an energy crisis to destroy our standard of living.

Iran is capable of crippling the Gulf States by simply targeting water desalination plants. Israel has already hit Iran's desalination plants, so what reason does Iran have to hold back? I doubt the new leader, the son of Khameini, will be eager to make peace with his father's killers. The strike also killed his sister and three of Khameini's grandchildren. I don't have any sympathy for these extremist Shia regimes, but we must look at the situation logically and assume that this war will continue for a while. With any luck, Turkey will stay out of the conflict and the alternate oil supply from Ceyhan will become even more important as Hormuz continues to be choked off.

Impressive that the price has remained stable

"Wood Mackenzie said oil prices could exceed $100 per barrel if tanker flows through the Hormuzi Strait aren't quickly restored."

Iran just needs to launch a few anti ship missiles and no one will insure the ships going through Hormuz. Bullish for oil unless Iran folds in the next few days or weeks

We get $80-110 per barrel oil from Hormuz strait closure and none of the GKP oil goes through Hormuz.

If Iran / Iraq Shia militias strikes GKP field, or the neighbor fields, or any ominous Iranian drones begin buzzing over. Then its screwed or at the very least will plummet monday. Good news bad news. Can definitely see Iran striking USA owned fields.

https://www.timesofisrael.com/liveblog_entry/iraqs-kataeb-hezbollah-tells-fighters-to-prepare-for-long-iran-us-war/

UK is staying out of the war (for now) and refusing USA use of RAF air fields so maybe some leniency will be given to GKP.

Irans dead leader is gonna be replaced and IRGC wont relinquish control of Iran without a fight.

ATB to iron hand investors

Https://www.reuters.com/world/middle-east/irans-revolutionary-guards-tell-ships-passage-through-strait-hormuz-not-allowed-2026-02-28/

Here we go