Iraq's Oil Exports Soar to Pre-War Levels Amid Crisis Adaptation

Iraq's oil exports have reached their highest daily rate since the start of the Middle East war, according to the country's oil minister. Bassem Mohammed Khudair announced that since August began, Iraq has been exporting an average of two million barrels per day, totaling around 26 million barrels. This milestone was achieved for the first time since the crisis started on February 28, when US-Israeli strikes on Iran led to Iran blocking the Strait of Hormuz.

Before the war, Iraq produced approximately four million barrels per day and exported an average of 105 million barrels per month, mostly through its Basra oil terminal via the Hormuz waterway. Despite the disruption, Iraq has adapted by exporting crude using tanker trucks through Syria as well as a pipeline to Turkiye.