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Iraq Warns of Gulf Energy Crisis from Strait of Hormuz Closure

Iraqi economist Hilal al-Taan warned that a Strait of Hormuz closure could spark a major Gulf crisis. The region relies heavily on this narrow...
Energy

Iraq Oil Output Cut Backs OPEC+ Stability Drive

Iraq oil output cut continues to reinforce OPEC+ stability efforts. In May, Iraq reduced its crude oil production by 49,000 barrels per day. so...
Energy

Iraq Warns of Strait of Hormuz Oil Threat

Iraq warns has raised serious concerns about the ongoing regional tensions. Deputy Prime Minister and Foreign Minister Fuad Hussein warned that military actions by...
Energy

Iraq Oil Exports to US Surge in May: Iraq Oil Growth Continues

Iraq oil growth reached new heights in May as the country boosted crude exports to the United States. The latest report from the US...
Energy

Iraq’s Basrah Crude Holds Above $70 Amid Ongoing Oil Market Volatility

Basrah crude holds above $70 as global markets continue reacting to rising geopolitical risks. Iraq’s oil exports remain stable, but regional tension keeps pressure...
Economy

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...
Energy

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...
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