Iraq’s economy is getting crushed as the war between the US, Israel, and Iran heats up.
The conflict didn’t even start that long ago — February 28. But since then, Iraq has been caught in the crossfire, dealing with economic shocks, energy crises, and geopolitical chaos all at once.
Here’s the brutal part: Before the war kicked off, Iraq was OPEC’s second-largest oil producer. The country was pumping out around 4.3 to 4.5 million barrels of oil every single day. That’s serious production.
Fast forward to June, and the numbers are absolutely devastating. Iraq was only producing 817,000 barrels per day.
Let that sink in for a moment. That’s roughly the same output as Azerbaijan or Oman — countries that are minor oil producers. Iraq went from being a major global oil player to basically being sidelined.
This isn’t just an economic problem. It’s a disaster. Iraq’s economy depends heavily on oil revenue. When production collapses like this, everything else collapses with it — government budgets, salaries for public workers, money for schools and hospitals, infrastructure projects. It all gets cut off.
But there’s more to it than just economics. This also shows how much Iraq’s influence in the region has been knocked down. A country that was supposed to be one of the world’s top oil producers is now struggling just to keep its lights on.
The war isn’t just hurting Iraq’s wallet. It’s erasing the country’s regional power and leaving its people in dire straits.
