From Baird Maritime. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Offers Steep Oil Price Cuts to Lure Buyers into Strait of Hormuz Iraq has offered term buyers May-loading Basrah crude at steep discounts for loading inside the Strait of Hormuz, which has […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Nearly 60% of Iraq's hotels, restaurants closed amid regional tensions Approximately "60 percent" of hotels and restaurants across Iraq have been forced to close following the weeks-long war of the United States and Israel […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Beyond Hormuz: Can Iraq's 'Development Road' become a strategic corridor? The disruption of maritime flows through the Strait of Hormuz has underscored a structural vulnerability at the heart of the global economy. For […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The American - Israeli War Against Iran, the Unprecedented Severe International Energy Crisis and Detrimental Impacts on Iraq On Friday evening, April 10th, the esteemed "Al-Mushtarak" platform graciously organized a debating event […]
By John Lee. Production and export operations at the Garraf [Gharraf] oil field in southern Iraq have been suspended following a force majeure declaration by the Iraqi government, according to Japan Petroleum Exploration (JAPEX). In a statement to the markets on Friday, the company said that there is currently no clear timeline for the resumption […]
By Winthrop Rodgers, for Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Amid US inaction over Iranian fire, will Iraqi Kurds look to Ukraine for defenses? While Washington has failed to heed calls to supply advanced air defenses directly to the Kurdistan […]
By John Lee. According to a statement today (Wednesday) from Iraq's Ministry of Trade, the reopening of the Strait of Hormuz has led to a gradual recovery in maritime traffic, although activity remains below normal levels amid continued geopolitical uncertainty. It says early signs of improvement have been observed in trade flows, particularly in energy […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. While under attack, Iran's Iraqi allies also see chance for newfound power With Israeli-US intentions in Iraq as opaque as their aims in Iran, the potential for further destabilization in the former remains […]
By David Schenker 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. Iraq Is at Another Crossroads with Iran-Backed Militias -- and Washington Although U.S. officials should keep pushing Baghdad to move against these groups, the Iran […]
By Steven Simon and Adam Weinstein, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Iran War Is Exposing Iraq's Weaknesses Baghdad doesn't control much of its own territory. Click here to read the full article (subscription required).
By John Lee. The North Oil Company (NOC) has reportedly received the first shipment of crude oil from Basra at its K1 station in Kirkuk, following rehabilitation works and an increase in operational capacity. The delivery marks the start of crude transfers by tanker trucks from southern Iraq to the north, with unloading operations beginning immediately […]
By John Lee. In a significant development, Iraq has confirmed cooperation with Iran to allow the passage of Iraqi oil through the Strait of Hormuz, following high-level discussions in Baghdad on Sunday. Iraq's Minister of Foreign Affairs, Fuad Hussein, expressed his appreciation for allowing tankers carrying Iraqi oil to pass through the Strait, noting the […]
