Iraq’s oil production has continued to decline because of the U.S.-Iran conflict.
Iraq Oil Report found that production was at 1.41 million barrels a day in April. That was down from 1.85 million in March. In 2025 the country averaged 4.79 million barrels a month.
Only two major oil fields remain operating in the south Rumaila and Zubayr along with a few smaller ones. Their output is mostly going to domestic refineries.
A few oil tankers have been able to make their way through the Iranian and American blockade of the Strait of Hormuz. Four have gotten out carrying a total of 7 million barrels. Another tanker from China with two million barrels just left the Strait.
Still the country’s exports are a paltry amount from before the war. Since Iraq is the most oil dependent country in the world this is leading to a huge budget deficit.
SOURCES
Middle East Monitor, “Iraq says April oil revenues exceed $1 billion,” 5/19/26
Salem, Amr, “Supertanker transporting Iraqi crude crosses Hormuz to China,” 5/24/26
Van Heuvelen, Ben, “Iraq oil output hits new multi-decade low, Iraq Oil Report, 5/23/26
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