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Iraq's oil exports are recovering—but the economics behind those exports are becoming much more complicated. https://www.myfxbuddies.com/2026/09/iraq-between-oil-and-dollar.html Iraq's Oil Ministry said September crude exports were averaging about 2.6 million barrels per day, significantly above the levels seen during the worst disruption to shipping through the Strait of Hormuz. But there's a critical distinction between how much oil Iraq exports and how much revenue Iraq actually receives from that oil. Shipping costs have risen sharply during the regional disruption. Reuters reported that tanker and transportation costs have climbed above $30 per barrel in some cases, while producers have increasingly relied on ship-to-ship transfers and discounted crude to keep oil moving. Reuters also reported that ADNOC purchased large volumes of Iraqi crude at substantial discounts during August and September, helping Iraq maintain export volumes despite logistical problems. That creates three different numbers to watch: 🛢️ Global oil price 🛢️ Actual selling price of Iraqi crude 💵 Net revenue—or netback—after discounts, transportation and other costs And that third number may be the most important. The article “Iraq Between Oil and the Dollar” argues that Iraq's challenge is shifting from simply producing and exporting oil toward protecting the economic value of every barrel. That matters for the Iraqi dinar because oil remains the country's primary source of foreign currency and government revenue. At the same time, the Central Bank of Iraq has said that its foreign reserves are sufficient to meet legitimate foreign-currency demand and attributed the recent rise in the parallel-market dollar to speculation, expectations and geopolitical conditions. So this is not simply a story about oil exports going up or down. It's about: How much oil is Iraq selling? At what price? At what transportation cost? And how many net dollars ultimately reach the Iraqi financial system? That's the bigger story behind the oil-and-dollar connection. https://tinyurl.com/godhastheanswers 📌 Disclaimer: This video is for news, commentary, and educational discussion. It is not financial or investment advice. The information presented reflects the source material and analysis available at the time of publication. #Iraq #iraqiDinar #iqdrv #IraqiDinar #Dinar