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Iraq
Monday, October 19, 2026

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Hormuz Closure Triggers Biggest Oil Supply Shock on Record

The Hormuz oil supply shock has become the largest disruption to global crude supplies in modern history. The closure began in March 2026 and sharply reduced...

Basrah Crude Rises as US-Iran Tensions Stoke Supply Fears

Basrah crude prices moved higher on Tuesday as renewed supply concerns pushed global oil markets upward.Traders continued watching developments around the US-Iran conflict and...

Iraq’s Top Leaders Push Economic Reform and State Control of Weapons

Iraq’s top political leaders met in Baghdad to address economic pressures, security concerns and regional tensions. Iraq economic resilience emerged as a central theme during the...

Iraq Moves to Secure Safe Hormuz Route for Oil Shipments

Iraq’s Hormuz oil exports face fresh challenges as Baghdad seeks safer passage for crude tankers. The State Organization for Marketing of Oil, known as...

Halfaya Gas Project Boosts Iraq’s Power Supply as Output Reaches 190 Million Cubic Feet Daily

Halfaya gas processing is becoming an important part of Iraq’s efforts to strengthen electricity supplies and reduce gas flaring. The Halfaya oilfield in Maysan province now...

Iraq’s Energy Weaknesses Put Economic Stability at Risk

Iraq faces growing Iraq energy security concerns after the regional crisis exposed major weaknesses. The country still relies heavily on oil exports to finance public spending....

Oil Prices Rise as Hormuz Shipping Disruptions Deepen Market Risks

Hormuz shipping disruptions pushed oil prices higher on Monday as traders weighed growing geopolitical risks. Expectations for a quick diplomatic breakthrough between the United States...

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