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U.S. Oil Push in Iraq Gains Momentum as Russia and China Face New Pressure

Washington is making a stronger play for Iraq’s oil industry as Baghdad pursues higher production. The U.S. oil push in Iraq comes as Russia faces mounting...

Iraqi Crude Prices Slide More Than 6% as Global Oil Markets Retreat

Iraqi crude prices fell sharply on Wednesday, following a broader decline across international oil markets. Basrah Heavy crude recorded the steepest Iraqi decline among the...

Iraq’s New Customs Rules Put Import Costs Upfront

Iraq’s advance customs payments will change how importers handle foreign purchases from October 1. The new system requires traders to cover estimated customs duties and tax...

Iraq and Qatar Offer Crude Cargoes for Loading Inside Hormuz

Iraq’s SOMO and QatarEnergy have opened unusual crude tenders tied to the Strait of Hormuz. The Hormuz crude tenders require buyers to arrange cargo loading within...

Gold Prices Hold Steady in Baghdad as Erbil Market Sees Decline

Gold prices remained near the 1 million IQD mark on Sunday. Gold prices in Iraq showed mixed movement across Baghdad and Erbil markets. Baghdad prices stayed...

Iran Allows Some Iraqi Oil Tankers Through Hormuz as Regional Tensions Continue

Iran has approved passage for some Iraqi oil tankers through the Strait of Hormuz. The move follows repeated requests from Baghdad during ongoing regional...

Iraqi Dinar Gains Ground as Dollar Slips in Baghdad and Erbil

The Dollar falls against dinar trend continued Sunday across Baghdad and Erbil. The US currency traded near 154,000 Iraqi dinars for every $100. Market rates showed...

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