The Nahr Bin Omar oil field near Basra. Iraq exported $11.07bn of oil in March 2022, the highest level for half a century, as crude prices soared. AFP
The Nahr Bin Omar oil field near Basra. Iraq exported $11.07bn of oil in March 2022, the highest level for half a century, as crude prices soared. AFP

Iraq's debt set for 'steep' fall on higher oil prices but outlook is volatile, Fitch says