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Iraqi Oil Exports Fell Sharply in War but Authorities Predict Recovery in One to Two Months
Iraqi authorities forecast a return to peacetime output levels after exports fell during recent Middle East fighting. A U.S.-Iran agreement reached this week has eased conditions for recovery.
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Iraqi authorities predict oil production will return to peacetime levels within one to two months, state media reported. The Middle East war caused Iraqi oil exports to plummet before the forecast was issued. -Iran deal was agreed this week to end the fights and has offered some relief, according to the same reporting.
@AFP reported the timeline and the sequence of events linking the war, the export decline, and the agreement.
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