Iraq oil output to recover in two months

It is expected that Iraqi oil production will return to pre-war levels, which exceeded three million barrels per day, within a month or two, after a significant contraction caused by the closure and attack of the Strait of Hormuz by Iran-allied factions. An official from the Ministry of Oil indicated that the oil fields whose production capacities had been reduced have already begun to restore their capabilities. Iraq heavily relies on oil sales to support its economy and achieve currency stability. The Strait of Hormuz has been gradually reopened after approximately four months of paralysis, and Iraq's exports are now being gradually resumed through this strategic passage.

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