Iraq’s exports of oil products decline to 2.35 tons in Q1 2026

Iraq's oil product exports dropped to 2.35 million tons in the first quarter of 2026, signaling a downturn compared to previous periods. This decline could stem from various factors such as maintenance of oil facilities, lower global oil prices, or supply chain issues. Given that oil is a major revenue source for Iraq, this reduction could impact the country's economic stability and its ability to fund development projects and public services. The implications extend beyond Iraq, potentially affecting global oil markets and the energy dynamics in the region.