Iraqi energy officials confirmed on Wednesday that oil production from southern fields has dropped by about 80% under exceptional circumstances.
They stated that storage facilities have reached critical levels while exports through the Strait of Hormuz remain disrupted.
The ongoing war in Iran has directly affected shipping routes and energy supply chains.
Production has fallen to around 800,000 barrels per day, significantly below previous levels.
Iraq is facing challenges in managing excess oil due to limited export capacity.
These developments raise concerns about potential impacts on national revenues.
