Iraq anticipates a swift return to pre-war oil production levels within two months, following a recent US-Iran deal that eased the Strait of Hormuz blockade. The conflict had severely impacted exports, forcing production cuts. As shipments resume through the vital waterway, Iraq's oil ministry is optimistic about restoring its significant crude export capacity, crucial for the nation's economy.

Iraq plans to boost oil exports after a US-Iran deal to reopen the Strait of Hormuz on Friday, following an 89% collapse in crude flows from pre-conflict

Iraq plans to export 50,000 bpd of crude and naphtha through Syria's Baniyas port starting July 2026 after the Strait of Hormuz was closed by the US-Iran