Iraq reported a significant increase in its oil revenues in August, with a 6.67% MoM growth, totaling USD 8.846 bln, mainly driven by the rise in global oil prices, which fluctuated between USD 84 and 87 amid OPEC+’s decision to cut oil production, thereby tightening supply and pushing prices upward. In particular, revenues from Basra oil exports increased by 7% to reach USD 8.781 bln.