Iraq's SOMO says August oil exports were 73mln bbl, the highest in the Iran war; Iraq's oil revenues in August stood at around USD 4.5bln

Monthly SOMO export reads are the standard transparency point on Iraqi supply, and episodes of record or near-record Iraqi exports have historically mattered less for the absolute volume than for what they signal about the flow environment around a geopolitical disruption: exports holding up through a conflict period is typically read as confirmation that transit routes, loading infrastructure, and insurance and freight conditions remain functional rather than impaired. The pairing of volume and revenue is the useful split here, since revenue tracks both barrels and realised price, and the revenue figure relative to volumes gives a rough read on realised pricing against benchmarks without needing the official selling prices. On prior form, Iraq's headline export numbers have also been watched against its OPEC commitments, since sustained strong exports have repeatedly raised compliance questions in past quota rounds, with compensation pledges rarely matching actual output discipline. The follow-ons of note are the official selling prices, any breakdown between federal and Kurdish flows where applicable, and how the print feeds the next OPEC compliance assessment. As a supply-side data point, the signal is bearish-leaning at the margin but within an established monthly pattern rather than a regime change.