Tabaqchali: Oil Exports Recover to 60% of Pre-war Levels The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), ended August down 2.4%, trimming its year-to-date gain to 7.9% - which follows a three-year increase of 224.5% through end-2025.
The month also marked the recovery of regional oil exports through the Gulf to about two-thirds of pre-war levels, thus limiting the impact of the initial closure of the Strait of Hormuz for the region's oil exporters.
In Iraq's case, the recovery of both its southern exports through the Strait of Hormuz (green bars in chart below) and northern exports via Türkiye's Ceyhan port on the Mediterranean Sea (maroon bars in chart below) took the combined exports to 60% of pre-war levels. As long as the current U.S.-Iran no-peace/no-war stalemate continues, the recovery's momentum is unlikely to take exports to much higher percentages of pre-war levels; nevertheless, exports are likely to improve incrementally over the next few months. https://www.iraq-businessnews.com/2026/09/05/tabaqchali-oil-exports-recover-to-60-of-pre-war-levels/
4September 5, 2026 1K
