June production climbed to 2 million bpd, but fields have been forced to ramp up and cut back within days as export loadings fluctuate — and renewed U.S.-Iran fighting now threatens the recovery.
Iraq signals progress in reviving Turkey pipeline
Rehabilitated federal Iraqi pipeline route to Turkey offers future strategic value but no short-term export boost.
Workers from Iraq's State Company for Oil Projects rehabilitate the Iraqi leg of the Iraq-Turkey Pipeline in July 2026. (Photo credit: SCOP)