Iraq's crude exports to US drop to 1.35m barrels in June, EIA data shows

The decline continues a sharp downward trend in US imports of Iraqi oil, which halved in April. Traders monitor whether shifting supply flows will ease global crude inventories.

By Handelsavisen Newsroom · Automated 2026-07-08 10:54 UTC · 1 min read

Iraq’s crude oil shipments to the United States fell to 1.35 million barrels in June, down from 1.625 million barrels in May, according to data from the US Energy Information Administration (EIA).

The latest figures underscore a sustained contraction in Iraqi crude flows into the US market, following a period of significantly higher volumes earlier in the year.

The June decline extends a trend that began in the spring.

In April 2026, US imports of Iraqi crude oil and petroleum products dropped by nearly half, falling to 4.029 million barrels from 7.943 million barrels in March.

This rapid deceleration suggests structural shifts in Iraqi export destinations or US refinery sourcing preferences, rather than a temporary logistical hiccup.

For energy markets, the reduction in Iraqi crude imports to the US may have limited direct impact on global supply tightness, as the barrels are likely being redirected to other markets, particularly in Asia.