Iraqi oil production collapses as Hormuz still blocked by US-Iran war, sources say

Iraqi oil production collapses as Hormuz still blocked by US-Iran war, sources say Iraqi oil production from its main southern oilfields has fallen by 70% to just 1. 3 million barrels per day as the country is unable to export oil via the Strait of Hormuz due to the Iran war, 3 industry sources said on Sunday. Production from the fields stood at around 4.