Iraq’s oil ministry announced that exports from all fields across the country will resume within the next few days, marking a significant step toward stabilizing its position as a key global crude supplier. The statement, reported on Saturday, follows more than a month of disruptions that have strained output and rattled energy markets.
On Friday, southern oil exports already restarted, with one tanker beginning to load crude after a prolonged halt. Four energy sources confirmed the resumption, noting that the stoppage stemmed from shipping disruptions through the Strait of Hormuz, a critical chokepoint for global oil flows. The southern fields, which account for a substantial portion of Iraq’s production, are pivotal to meeting international demand.
Iraq’s production capacity, which hovers around 5 million barrels per day under optimal conditions, has been a linchpin for OPEC’s supply strategy. The country’s ability to ramp up exports swiftly will likely influence crude prices in the near term, particularly as global demand continues to recover. Data from early 2026 showed Iraq contributing nearly 4.5 million barrels per day before the disruption, a figure it aims to reclaim.
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One Response
Are they aware the Staits are closed? Hope they have lots of storage!