Iraq oil output falls about 60% as tanker shortages block exports
Mar 8th 2026
Bloomberg reports that Iraq’s crude output has collapsed to about 1.7 to 1.8 million barrels per day from roughly 4.3 million, after the Iran war created a tanker shortage that has blocked shipments.
- Iraq is now producing about 1.7 to 1.8 million barrels of oil per day, down from about 4.3 million before the conflict.
- The roughly 60 percent drop in output is tied to a shortage of tankers after the Iran war disrupted shipping and loading operations.
- The figures were reported by Bloomberg on March 8, 2026 and come from people with knowledge of the matter who spoke on condition of anonymity.
- Iraqi official production data for the period has not been publicly released, so the reported numbers are not independently verifiable yet.