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Iraq cut oil output by 1.5 million bpd due to Strait of Hormuz closures from Iran's attacks, risking further cuts if access remains blocked.
Iraq has cut oil production by nearly 1.5 million barrels per day due to export disruptions from the closure of the Strait of Hormuz, caused by Iran’s attacks on shipping.
Cuts affect major fields including Rumaila, West Qurna 2, and Maysan, with storage levels at southern ports nearing capacity.
Officials warn cuts could exceed 3 million bpd if tanker access remains blocked.
The crisis stems from escalating Middle East tensions involving Iran, the U.S., and Israel, disrupting global energy flows.
Iraq’s crude exports, primarily to China and India, have declined, though refinery operations remain unaffected.
Major international oil firms operating in Iraq have not commented.
Irak redujo la producción de petróleo en 1,5 millones de bpd debido al cierre del estrecho de Ormuz por los ataques de Irán, arriesgando recortes más profundos si el acceso permanece bloqueado.