Iraq's oil exports nearing pre-Hormuz closure levels

Economist Nabil Al-Mersoumi confirmed that Iraq's oil exports in September 2026 amounted to approximately 102 million barrels, averaging 3.4 million barrels per day. The revenues from these exports reached around 6.962 billion dollars, with the barrel price rising to about 68 dollars—approaching pre-Gulf of Hormuz Strait closure levels from February of the previous year. These figures reflect a significant improvement in Iraq's financial situation, to the point that the devaluation of the dinar was not justified under these conditions. Al-Mersoumi emphasized the importance of promptly publishing data to enhance transparency, criticizing the Ministry of Oil for delaying the announcement.

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