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Iraq
Monday, June 1, 2026

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Iraq Warns Strait Closure Could Push Oil to $300 per Barrel

Oil price surge warning Iraq has issued a strong alert that crude prices could skyrocket if Israel-Iran tensions escalate. Foreign Minister Fuad Hussein warned that...

Iraq Gold Prices Drop in Baghdad and Erbil Markets

Gold prices in Iraq declined slightly at the start of the week. The change affected both Baghdad and Erbil, where daily market movements often...

Iraq Currency Market Sees Dollar Rate Drop in Baghdad and Erbil

The Iraqi dinar exchange rate showed a slight improvement against the US dollar in key markets on Monday. Currency traders in Baghdad and Erbil reported a...

Iraq Gas Pipeline Project Strengthens China’s Energy Role

China Petroleum Engineering Corporation has taken a major step in Iraq’s energy sector. Its subsidiary, China Petroleum Pipeline Engineering, received a letter of award...

Iraq Expands Oil Storage at Majnoon Field to Boost Energy Infrastructure

Iraq has approved a major step to strengthen its oil sector by expanding storage infrastructure at the Majnoon Oil Field. The government authorized the...

Iraq Boosts Oil Industry with New Motor Oil Production Plans

Iraq has launched new steps to support its industrial sector by focusing on local production of motor oils. The government approved recommendations to improve...

Iran Tensions Shake Oil Markets Amid Conflict Fears

Oil prices continued to shift sharply due to escalating tensions between Iran and Israel. The global market felt the pressure after renewed strikes heightened...

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