44.1 C
Iraq
Friday, July 24, 2026
HomeEconomy

Economy

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...

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...

US Dollar Shipments Return to Iraq as Economic Pressures Ease

The return of US dollar shipments to Iraq signals a major shift in economic relations between Baghdad and Washington. Iraqi government sources said the United States...

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....

Iraq Foreign Reserves Extend Decline as Holdings Drop by $1.1 Billion in One Week

Iraq foreign reserves recorded another decline during the final week of May, according to new figures released by the country's central bank. The latest...

US Dollar Climbs in Iraq as Market Pressure Builds Across Baghdad and Erbil

USD/IQD exchange rate in Iraq opened higher on Wednesday trading sessions. The rise reflected stronger demand for the US dollar across local markets. Traders...

Must read