Iraq Oil Production Plummets 60% as Iran War Disrupts Tanker Access

Iraq’s oil output has cratered by roughly 60% amid the ongoing war with Iran, slashing production to just 1.7 to 1.8 million barrels per day from a pre-conflict level of 4.3 million barrels daily. The collapse, driven by a severe shortage of tankers to transport the nation’s crude, has crippled one of OPEC’s key producers. […] The post Iraq Oil Production Plummets 60% as Iran War Disrupts Tanker Access appeared first on the deep dive.