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Energy

Iraq oil output hits new multi-decade low

A trickle of tanker loadings points to an emerging wartime export cadence that has forced over two-thirds of Iraq's production offline.
Personnel from the state-run Iraqi Drilling Company (IDC) operate a drilling rig at the Zubair field in Basra in April 2026. (Photo credit: IDC)

July oil exports and revenues rise

Federal oil revenues hit a four-year high as exports increased through both the Basra Gulf and the KRG-controlled northern export system.

Iraq struggles to contain Basra oil protests

A demonstration threatens to shut down roads into the West Qurna 1 oil field as protesters, emboldened by a supportive message from Sistani, rail against government failures.