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The Economic Times

Top News / The Economic Times

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Iraq projects oil production to return to pre-war levels within two months

Iraq anticipates a swift return to pre-war oil production levels within two months, following a recent US-Iran deal that eased the Strait of Hormuz blockade. The conflict had severely impacted exports, forcing production cuts. As shipments resume through the vital waterway, Iraq's oil ministry is optimistic about restoring its significant crude export capacity, crucial for the nation's economy.

20 Jun 2026 5:17 pm