The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
By John Lee. The Iraqi government has issued a strong condemnation of recent attacks on nuclear facilities in Iran, warning that such actions threaten regional and global security. In a statement released by government spokesman Basim Alawadi on Sunday, Iraq described the military escalation as a "grave threat to peace and security in the Middle […]
By John Lee. Iraq's Deputy Prime Minister and Foreign Minister, Fuad Hussein (pictured), has cautioned that the continuation of Israeli and Iranian military operations may lead to the closure of the Strait of Hormuz, which could result in the loss of up to five million barrels per day of oil exports from the Gulf and […]
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Q: What effect will Israel's airstrikes on Iran have on any potential revaluation of the Iraqi dinar? A: This week's Israeli airstrikes on Iran, targeting nuclear and military sites, will likely have a […]
By John Lee. The Iraqi Ministry of Transport has confirmed the suspension of all air traffic and the temporary closure of Iraqi airspace until further notice, citing regional security tensions and the need to safeguard civil aviation. According to a statement from the Ministry's Media Office, the General Company for Air Navigation Services began a […]
By John Lee. The Government of Iraq has issued a strong condemnation of what it described as military aggression by Israel against the Islamic Republic of Iran, calling the act a clear violation of international law and the United Nations Charter. A statement from Government Spokesman Basim Alawadi urged the international community to go beyond […]
By Nicholas Oakes, for the International Policy Digest. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. From Pipeline to Policy: Iraq's Quiet Return to Global Energy Relevance Recent deals with China, India, and France point to a strategic effort to diversify trade partnerships, hedging […]
By John Lee. The U.S. Department of State ordered the departure of non-emergency U.S. government personnel from its embassy in Baghdad. A statement from the Embassy said the move was "due to heightened regional tensions." Analysts say this relates to an increased likelihood that negotiations with Iran regarding nuclear enrichment will break down. Iran's Defence […]
By John Lee. Hussein Afshin, Assistant to the Iranian President for Scientific and Technical Affairs and the Knowledge Economy, has reportedly proposed establishing a joint Iran-Iraq artificial intelligence (AI) centre on one of Iran's islands. Speaking during a meeting in Tehran with Ali Razzouqi, Deputy Head of the Office of the Iraqi Prime Minister, Afshin […]
By Sinan Mahmoud for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq PM Al Sudani to run in elections with new alliance His sight set on a second term in office, Iraqi Prime Minister Mohammed Shia Al Sudani has unveiled […]
By Rouba El Husseini for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. 'Leave our marshes alone': Iraqis fear oil drilling would destroy fabled wetlands Plans to drill for oil in the protected Mesopotamian Marshes of southern Iraq have galvanised villagers […]
By Ahmed Tabaqchali for The Clingendael Institute. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Misery loves company: Iraq and Iran's electricity and gas dependencies In September 2022, the death of Mahsa Jina Amini marked a major turning point for Iran. The event sparked lengthy […]
By Michael Knights, for the Combating Terrorism Center (CTC) at West Point. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Oil and the Iran Threat Network Iran-backed terrorist groups and militias are developing significant new strands of threat financing using Iraq's oil sector, […]
