By Dr. Hussein Al-Jazairi, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.
The Expected Effects of the US-Iran Peace Agreement on Iraq's Oil Maritime Transport Sector
The maritime transport and insurance sector in the Arabian Gulf region is undergoing a comprehensive reassessment of risks and costs as a result of the pivotal shift in the geopolitical landscape.
The announcement of the framework peace agreement between the United States and Iran, formally signed in Switzerland on 18 June 2026, represents a fundamental turning point affecting the global economy in general and the Iraqi economy in particular.
This development is redrawing the balance of power in the international oil market, and it is casting its direct shadow over the Iraqi economy, since Iraq relies almost entirely on oil revenues. The expected effects of this agreement can be outlined in the following points.
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