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Iraq's Oil Production Plummets Amid War, Exports Could Rebound

4/6/2026

34 6 Full Breakdown

Summary

Story summary

Iraq's oil production has fallen to about 800,000 barrels per day due to the ongoing Iran war and drone attacks.
Bassem Abdul Karim of Basra Oil Company says exports could rebound to 3.4 million barrels per day if the Strait of Hormuz reopens.
Iraq is sending 400,000 barrels per day to meet domestic needs.
Gas output has decreased to 700 million standard cubic feet per day, down from 1.1 billion.

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Story summary

Iraq's oil production has fallen to about 800,000 barrels per day due to the ongoing Iran war and drone attacks.
Bassem Abdul Karim of Basra Oil Company says exports could rebound to 3.4 million barrels per day if the Strait of Hormuz reopens.
Iraq is sending 400,000 barrels per day to meet domestic needs.
Gas output has decreased to 700 million standard cubic feet per day, down from 1.1 billion.