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flag 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.

flag 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. flag Cuts affect major fields including Rumaila, West Qurna 2, and Maysan, with storage levels at southern ports nearing capacity. flag Officials warn cuts could exceed 3 million bpd if tanker access remains blocked. flag The crisis stems from escalating Middle East tensions involving Iran, the U.S., and Israel, disrupting global energy flows. flag Iraq’s crude exports, primarily to China and India, have declined, though refinery operations remain unaffected. flag Major international oil firms operating in Iraq have not commented.

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