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Energy

March production rises on Rumaila recovery

Iraq’s biggest oil field has recovered from a January fire, boosting nationwide output but posing a challenge to OPEC-plus quota compliance.
Workers from the state-run Iraqi Drilling Company work on a drilling rig at the East Baghdad oil field in April 2025. (Photo credit: Oil Ministry)

U.S. sanctions threats cast shadow on Iraqi economy

Billions of oil dollars and access to Iranian power and gas are at risk if Trump rejects a sanctions waiver renewal next month – or worse, if Iraq is sanctioned itself, as he has threatened.