Iraq in March 2026: the most important developments in economy
In March 2026 Iraq's economy was affected by the disruption of shipping through the Strait of Hormuz. On 3 March Iraq halted production at its major oil fields and suspended crude shipments through a pipeline to Turkey. Iraqi oil officials said output reductions would continue if the disruption persisted, and one report attributed the shutdowns to Iranian attacks.
On 18 March Iraq and the Kurdistan Regional Government agreed to restart oil exports through Turkey, sending crude through the Kirkuk-Ceyhan pipeline to the Mediterranean port of Ceyhan. The same day Iraq's Ministry of Electricity said Iran had completely halted its natural gas supply to Iraq, following an attack on gas facilities at Iran's South Pars field.
by WorldBrief & Maksim Micheliov | AI-generated summary
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