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Iraq
Tuesday, July 21, 2026

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Hormuz Closure Sends Shockwaves Through Iraq’s Economy

The Hormuz Shock triggered by tensions around the Strait of Hormuz has exposed deep weaknesses in Iraq’s economy. Oil exports faced major disruption, and Iraq quickly...

Iraq to Sign US Deal to Restore Syria Oil Pipeline

Iraq plans to move ahead with an Iraq-US oil pipeline revival deal during an upcoming visit to Washington in mid-July. Prime Minister Ali Al-Zaidi will travel...

Tankers Scarcity Disrupts Iraqi Crude Shipping Deals

PetroChina and Indian Oil Corp struggled to secure very large crude carriers for Basrah cargoes in late June. The Iraqi crude tanker shortage disrupted their lifting...

Dollar Exchange Rate Eases in Baghdad and Erbil Markets

The Dollar exchange rate in Iraq recorded a noticeable decline at the start of trading on Thursday, as currency markets in Baghdad and Erbil opened with...

Iraq Oil Product Exports Drop in Early 2026 as Refinery Expansion Continues

Iraq oil product exports recorded a noticeable decline during the first quarter of 2026, according to new figures released by the State Organization for...

U.S. Pushes Economic Agenda in Iraq as Energy Investments Take Center Stage

The growing focus on U.S. investment in Iraq has become a major topic following the recent visit of U.S. Special Presidential Envoy Tom Barrack to Baghdad....

Oil Prices Slide as U.S.-Iran Deal Raises Supply Expectations

Oil prices moved lower on Thursday as traders reacted to a new U.S.-Iran oil agreement that could reshape global energy markets. The development sparked...

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