Oil production in the Kurdistan Region of Iraq remains under threat from Iranian-backed militias, with approximately 850 drone and missile strikes recorded since late February.
The sustained campaign targets critical energy infrastructure, raising concerns about the region's ability to maintain exports and domestic gas supplies for electricity generation.
The attacks underscore a disconnect between high-level diplomatic progress and on-the-ground security realities.
While the United States and Iran have reportedly reached a mutual understanding to end broader hostilities, mediated by Pakistan, localized violence in northern Iraq continues unabated.
This fragmentation suggests that the ceasefire framework may not fully extend to proxy forces operating in the region.
For global energy markets, the situation introduces a layer of uncertainty into Iraq's export capacity.