Iraq Oil Output Plunges About 60% as Iran War Blocks Tankers

Iraq’s oil production has collapsed by about 60% as the Iran war means there aren’t enough tankers to load the nation’s crude.

The country is now pumping about 1.7 million to 1.8 million barrels of oil every day, down from about 4.3 million a day before the conflict began, according to people with knowledge of the matter, who asked not to be identified because the output levels aren’t public.