Iraqi oil production collapses as Hormuz still blocked by Iran war, sources say

Iraqi oil production from its main southern oilfields has fallen by 70 percent to just 1.3 million barrels per day as the country is unable to export oil via the Strait of Hormuz due to the Iran war, three industry sources say.

Production from the fields stood at around 4.3 million barrels per day before the war.

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