WASHINGTON, DC - APRIL 15: (L-R) Chris Britt (Co-Founder and CEO - Chime), Everette Taylor (CEO - Kickstarter) and Liz Hoffman (Business & Finance Editor - Semafor) speak on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: Everette Taylor (CEO - Kickstarter), speaks on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: Liz Hoffman (Business & Finance Editor - Semafor) speaks on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

The Greek-flagged crude oil tanker "Asahi Princess" is made ready off the coast of the Syrian Baniyas port refinery, along the Mediterranean Sea on on April 15, 2026. Iraq has begun exporting crude using tanker trucks through Syria, its oil ministry said, as an official said oil revenue last month dropped more than 70 percent compared to February. More than a month into the Middle East war that has wrought havoc on energy markets, Iraq has been particularly impacted as oil exports account for some 90 percent of its budget revenues. Until Iranian attacks and threats all but shut the Strait of Hormuz in revenge for US-Israeli strikes, Iraq exported the majority of its oil through the strategic waterway. (Photo by Bakr ALkasem / AFP via Getty Images)

An aerial photograph shows the Greek-flagged crude oil tanker "Asahi Princess" off the coast of the Syrian Baniyas port refinery, along the Mediterranean Sea on on April 15, 2026. Iraq has begun exporting crude using tanker trucks through Syria, its oil ministry said, as an official said oil revenue last month dropped more than 70 percent compared to February. More than a month into the Middle East war that has wrought havoc on energy markets, Iraq has been particularly impacted as oil exports account for some 90 percent of its budget revenues. Until Iranian attacks and threats all but shut the Strait of Hormuz in revenge for US-Israeli strikes, Iraq exported the majority of its oil through the strategic waterway. (Photo by Bakr ALkasem / AFP via Getty Images)

An aerial photograph shows the Greek-flagged crude oil tanker "Asahi Princess" off the coast of the Syrian Baniyas port refinery, along the Mediterranean Sea on on April 15, 2026. Iraq has begun exporting crude using tanker trucks through Syria, its oil ministry said, as an official said oil revenue last month dropped more than 70 percent compared to February. More than a month into the Middle East war that has wrought havoc on energy markets, Iraq has been particularly impacted as oil exports account for some 90 percent of its budget revenues. Until Iranian attacks and threats all but shut the Strait of Hormuz in revenge for US-Israeli strikes, Iraq exported the majority of its oil through the strategic waterway. (Photo by Bakr ALkasem / AFP via Getty Images)

An aerial photograph shows a long line of Iraqi diesel-laden tanker trucks lined up along the Tartus-Baniyas highway as they wait to unload their cargo at the Baniyas port refinery on the Mediterranean Sea, on April 15, 2026. Iraq has begun exporting crude using tanker trucks through Syria, its oil ministry said, as an official said oil revenue last month dropped more than 70 percent compared to February. More than a month into the Middle East war that has wrought havoc on energy markets, Iraq has been particularly impacted as oil exports account for some 90 percent of its budget revenues. Until Iranian attacks and threats all but shut the Strait of Hormuz in revenge for US-Israeli strikes, Iraq exported the majority of its oil through the strategic waterway. (Photo by Bakr ALkasem / AFP via Getty Images)

An aerial photograph shows a long line of Iraqi diesel-laden tanker trucks lined up along the Tartus-Baniyas highway as they wait to unload their cargo at the Baniyas port refinery on the Mediterranean Sea, on April 15, 2026. Iraq has begun exporting crude using tanker trucks through Syria, its oil ministry said, as an official said oil revenue last month dropped more than 70 percent compared to February. More than a month into the Middle East war that has wrought havoc on energy markets, Iraq has been particularly impacted as oil exports account for some 90 percent of its budget revenues. Until Iranian attacks and threats all but shut the Strait of Hormuz in revenge for US-Israeli strikes, Iraq exported the majority of its oil through the strategic waterway. (Photo by Bakr ALkasem / AFP via Getty Images)