The price of Brent crude for May delivery fell by more than 2% this Wednesday, the 18th, though it remained around 100 dollars per barrel, following an agreement between Kurdistan and Iraq to resume oil flows. At 7:30 am today (6:30 am in mainland Portugal), Brent crude was down 2.41%, trading at 100.93 dollars per barrel, according to Bloomberg data. Similarly, West Texas Intermediate (WTI) crude was down 3.73% at that time, trading at 92.62 dollars. The previous day, crude prices had risen again due to the ongoing blockade of traffic in the Strait of Hormuz and the refusal of several NATO allies to intervene in the passage, despite a request from US President Donald Trump. Iraq announced in the last few hours that it will resume part of its oil exports, totaling 250,000 barrels per day, transported by pipeline to a Turkish port, following an agreement with the authorities of Iraqi Kurdistan. With the war in the Middle East triggered on February 28 by the Israeli-American offensive against Iran, Iraq had completely halted its exports and authorities were seeking alternatives to the Strait of Hormuz. The Kurdistan Ministry of Natural Resources confirmed in a statement that operations began at 06:30 local time (03:30 Lisbon time) for the export of oil 'through the Kurdistan pipeline to the Turkish port of Ceyhan'. Iranian attacks on oil tankers and other oil infrastructure, in retaliation for the Israeli-American attack launched on February 28, have practically paralyzed navigation through the strait, preventing producing countries like Iraq from moving their production. The United States and Israel launched a military attack on Iran on February 28, which they justified by the Islamic Republic's inflexibility in negotiations to end uranium enrichment as part of its nuclear program, which it claims is intended only for civilian purposes. In retaliation, Iran closed the Strait of Hormuz and launched attacks against targets in Israel, US bases, and other infrastructure in countries in the region such as Saudi Arabia, Bahrain, the United Arab Emirates, Qatar, Kuwait, Lebanon, Jordan, Oman, and Iraq. Incidents involving Iranian projectiles were also recorded in Cyprus, Turkey, and Azerbaijan. Brent crude oil price falls slightly but remains around 100 dollars per barrel.