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Iraq plans to restore crude oil output to pre-crisis levels

Published June 21, 2026 Updated June 21, 2026 08:33pm
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Iraq plans to restore crude oil production gradually to the between 4.2 and 4.3 million barrels per day, Reuters reports citing Iraq’s deputy oil minister for upstream affairs.

The proposed increases will restore output to levels achieved before the Iran war and the resulting closure of the Strait of Hormuz.

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