Iraq’s crude output plunges as tanker access evaporates and exports stall
Iraq’s oil production has fallen to roughly 1.7-1.8 million barrels per day from about 4.3 million bpd as tanker availability and export routes through the Strait of Hormuz are disrupted. The drop reflects a regional logistical bottleneck that has forced producers to curtail flows and store excess crude as storage capacity diminishes.