Iraq reduces oil output, more cuts to come if Hormuz disruptions persist, Iraqi oil officials say - Reuters

<a href="https://news.google.com/rss/articles/CBMiygFBVV95cUxQWm9OQ3E5Z01QdFctMWxNQnRJWThsWm5yUjZ0cVZPLVFQMjZ3ODNmOWtha2lTdzBDYmFobmhQZ1JOX3RSTGVwLUVfWGJaX1BvRnFmeTJBUlNrS05halBaUmJUSGUwY085ZTBlMFlpcUYxam84SDg4R0RqNmxRdDN5TmZ2NmktSDl5VzcwZXMzUk14VjJBZTUxMWZhbFJWV1RRNUYwVXZkNzROOWZDelhLZGpoNmdhYklfblc5MFpKSGlXRTNkTmo2WWNR?oc=5" target="_blank">Iraq reduces oil output, more cuts to come if Hormuz disruptions persist, Iraqi oil officials say</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Oil production has been completely suspended at the Rumaila oil field, Iraq’s largest oil producer, due to disruptions in export operations linked to escalating Middle East tensions.

Iraq has reduced production at the Rumaila oil field following the closure of the Strait of Hormuz, leading to critical stockpiling in southern ports.

The closure of the Strait of Hormuz by Iran poses a significant threat to Iraq’s oil-dependent economy, potentially leading to daily revenue losses of up to $280 million.

Iraq has cut oil production by nearly 1.5 million barrels per day, with potential for further reductions exceeding 3 million bpd due to the closure of the Strait of Hormuz.