Hormuz Closure: Iraq Pivots North
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq pivots north as Strait of Hormuz closure forces rethink on oil flows Iraqi authorities are scrambling to contain a looming financial crisis as the Israeli-US war on Iran shows few signs of […]
UK Sanctions 2 Iraqis for Terrorism
By John Lee. On 27th March, the UK's Foreign, Commonwealth and Development Office (FCDO) added two Iraqi nationals to the UK Sanctions List, identifying them as having key roles in the financial operations of ISIL/ISIS/Daesh: Sami Jasim Muhammad Jaata al-Jaburi Abd el Hamid Salim Ibrahim Brukan al-Khatouni Click here to read full details. (Source: UK […]
Iran "Charging" for Safe Passage through Hormuz
By John Lee. Iran has reportedly begun charging up to $2 million per ship for safe passage through the Strait of Hormuz. The payments, according to the report from Deutsche Welle, would be a breach of international maritime law. This follows a recent statement from Iran's Ministry of Foreign Affairs, denying that the Strait is […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 26th March. Please click here to view a table of listed companies and their associated ticker codes. Rabee Securities' Market Indexes Change - Weekly Index Code Closings Change (w/w) (%) Change (YTD) (%) IQD-RSISX 2,608.8 0.2% 2.0% USD-RSISX 2,565.2 0.2% 2.0% IQD-RSIHX […]
Military Options for Reopening the Strait of Hormuz
By Michael Eisenstadt and Assaf Orion, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Military Options for Reopening the Strait of Hormuz: Limitations and Imperatives Loosening Tehran's grip on the strait and its disruption of the […]
Iraq announces Oil Exports for February
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for February 2026. Total exports of crude oil (including condensates): 99,872,220 barrels. Exports from the oil fields in central and southern Iraq amounted to 93,349,480 barrels. Exports from the Kurdistan Region via the Turkish port of Ceyhan amounted to 5,551,610 barrels. Exports […]
You Bought Iraqi Dinars. Now What?
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. You Bought Iraqi Dinars. Now What? You made the purchase some time ago -- maybe a few years back, maybe longer. You heard the pitch: Iraq sits on some of the world's largest […]
Public Holiday Declared as Weather Disrupts Govt and Markets
By John Lee. Iraq has declared a public holiday for Thursday due to adverse weather conditions, suspending work across all state institutions except essential services. The directive was issued by Prime Minister Mohammed Shia Al-Sudani, with exemptions granted for service-related sectors required to maintain operations. In a related development, the Iraq Stock Exchange (ISX) announced […]
Iraqi Airspace to Remain Closed Until Saturday Noon
By John Lee. The Iraqi Civil Aviation Authority (ICAA) has extended the closure of Iraqi airspace to all arriving, departing and transit aircraft until 12:00 noon on Saturday. The authority said the decision was taken as a temporary and precautionary measure, based on an ongoing assessment of the security situation and in light of regional […]
Cement Output Rises at Basra, Najaf and Al-Qaim Plants
By John Lee. The Iraqi State Company for Cement, part of the Ministry of Industry and Minerals, has reported increased production at its Basra, Najaf and Al-Qaim plants in January. According to Director General Awad Kazem Abdul Amir, the Basra Cement Plant recorded output of 41,123 tonnes, reflecting improved resource management and operational readiness. The […]
Iraq Developing Roadmap to Align with EU Carbon Border Rules
By John Lee. Iraq is developing a national roadmap to align with the European Union's Carbon Border Adjustment Mechanism (CBAM), focusing on its impact on key industrial sectors. The discussions took place during a committee meeting chaired by the Ministry of Environment, with participation from multiple government entities. Riyadh Fakher Al-Hashemi, Director General of the […]
Conflicting Info on Iraqi Crude Tanker Movements
By John Lee. Conflicting tracking data has raised uncertainty over the movements of the Omega Trader, an oil supertanker carrying Iraqi crude, amid ongoing disruption to shipping routes near the Strait of Hormuz. Ship-tracking data in recent days reportedly indicated the tanker had arrived near Mumbai, while its manager, Mitsui OSK Lines Ltd, said the […]