Southern Iraq Oil Output Falls to 800,000 Barrels Per Day

Officials revealed a sharp decline in Iraq’s oil production, particularly in southern fields.

Output dropped by around 80%, reaching approximately 800,000 barrels per day.

The decline is linked to full storage capacity and the inability to export via the Strait of Hormuz.

Regional tensions related to the war in Iran have further complicated the situation.

The crisis may place additional pressure on Iraq’s oil sector and economy.

Authorities are seeking solutions to mitigate the impact.