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Iraqi oil production collapses as Hormuz still blocked by US-Iran war, sources say

ReutersMar 8, 2026 3:12 PM

- Iraqi oil production from its main southern oilfields has fallen by 70% to just 1.3 million barrels per day as the country is unable to export oil via the Strait of Hormuz due to the Iran war, 3 industry sources said on Sunday.

Production from the fields stood at around 4.3 million bpd before the war.

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