IRAQI DINAR POLITICS & ECONOMY

With demand nearing 105 million barrels per day, Iraq is strengthening its position among the world’s top oil suppliers.

With demand nearing 105 million barrels per day, Iraq is strengthening its position among the world’s top oil suppliers.

2026-05-05

Shafaq News – Baghdad
Recent data from the International Energy Agency indicates that global oil consumption is currently stabilizing at a level close to 100 to 105 million barrels per day, with continued strong demand from major economies despite slowing growth in some regions.

According to the agency’s data, the United States tops the list Read more…

To counter the “shipping halt,” Iraq is offering oil discounts of up to $33 per barrel.

To counter the “shipping halt,” Iraq is offering oil discounts of up to $33 per barrel.

2026-05-05

Shafaq News – Baghdad
Iraq has decided to lower oil prices for buyers who choose to pass through the Strait of Hormuz, coinciding with escalating tensions and continued disruption to energy supply chains to the global market.

Bloomberg reported that Iraq is offering discounts on official oil prices of up to Read more…

Oil expert: Iraq needs to build external oil storage tanks instead of export pipelines

Oil expert: Iraq needs to build external oil storage tanks instead of export pipelines

2026-05-05

Shafaq News – Baghdad
Oil expert Hamza al-Jawahiri said on Tuesday that Iraq needs to reconsider its oil export strategy by moving towards building oil storage facilities in consuming countries with a capacity of up to one billion barrels, instead of relying on extending export pipelines through neighboring countries.

Al-Jawahiri explained in an interview Read more…

Al-Khanjar: Nechirvan Barzani’s visit to Baghdad will have a positive impact on the political scene.

Al-Khanjar: Nechirvan Barzani’s visit to Baghdad will have a positive impact on the political scene.

2026-05-05

Shafaq News – Baghdad
On Tuesday, Khamis al-Khanjar, leader of the Sovereignty Alliance, announced that an understanding had been reached with Kurdistan Region President Nechirvan Barzani and Progress Party leader Mohammed al-Halbousi to end the disputes and open a new phase of political cooperation.

Al-Khanjar said in a statement, which was received by Shafaq News Agency, Read more…

Nechirvan Barzani: Baghdad is our “strategic depth” and our problems should be resolved there.

Nechirvan Barzani: Baghdad is our “strategic depth” and our problems should be resolved there.

2026-05-05

Shafaq News – Baghdad
On Tuesday, Kurdistan Region President Nechirvan Barzani expressed optimism about the possibility of resolving the outstanding disputes and issues between Erbil and Baghdad, while revealing the reason for his failure to meet with Iraqi President Nizar Amidi during his visit to Baghdad.

This came in a press conference he held after meeting with the head of the Iraqi Read more…

The Federal Court registers the first lawsuit challenging the validity of Al-Zaidi’s appointment

The Federal Court registers the first lawsuit challenging the validity of Al-Zaidi’s appointment

2026-05-05

Shafaq News – Baghdad
On Tuesday, the Federal Supreme Court registered the first lawsuit challenging the validity of the nomination of Prime Minister candidate Ali al-Zidi, filed by former MP Raed al-Maliki in his capacity as “a citizen and independent politician”.

Al-Maliki said in a video he made today in front of the court headquarters Read more…

United States: Iranian-backed militias are planning attacks inside Iraq

United States: Iranian-backed militias are planning attacks inside Iraq

2026-05-05

Shafaq News – Baghdad
The U.S. Embassy in Baghdad warned on Tuesday that what it called “Iraqi terrorist militias allied with Iran” continue to plan attacks against American citizens and U.S.-related targets in Iraq, including the Kurdistan Region.

The embassy said in a security alert issued today that “Iraqi terrorist militias Read more…

Border crossings: Customs revenues exceeding one trillion dinars were collected during the first four months of this year.

Border crossings: Customs revenues exceeding one trillion dinars were collected during the first four months of this year.

2026-05-05

The head of the Border Ports Authority, Omar Al-Waeli, stated on Tuesday that customs revenues amounting to more than one trillion dinars were collected during the first four months of this year, while he expected that customs revenues this year would reach 3 trillion dinars. Al-Waeli told the official agency that “the Authority has taken it upon itself to find alternatives Read more…

An “incomplete” government… Political maneuvering to select deputies for al-Zaydi as a “compensation”

An “incomplete” government… Political maneuvering to select deputies for al-Zaydi as a “compensation”

2026-05-04

Shafaq News – Baghdad
Political sources revealed on Monday that there is intense political activity between the political forces and the technical and political committee of the coordination framework, with the aim of selecting the deputies of the new Iraqi government in a way that achieves “balance,” while on the other hand it was indicated that the government formation will be presented “incomplete” next Read more…

Iraqi Parliament: Voting on the new cabinet will take place next week

Iraqi Parliament: Voting on the new cabinet will take place next week

2026-05-04

Shafaq News – Baghdad
The Iraqi parliament announced on Monday that the vote on the new government will take place next week, and that the names and the government program will be received by the end of this week.

The media office of the council said in a statement received by Shafaq News Read more…

A deputy reveals the share of the Sudanese coalition in the Al-Zidi government.

A deputy reveals the share of the Sudanese coalition in the Al-Zidi government.

2026-05-04

Shafaq News – Baghdad
On Monday, MP Ahmed Al-Dalfi, from the Reconstruction and Development Coalition, revealed the coalition’s share in the upcoming cabinet, stating that the ministries of oil, labor and social affairs, and industry and minerals would be allocated to them.

Al-Dalfi told Shafaq News Agency that “the Reconstruction and Development Read more…

An economist says OPEC’s oil quotas need to be reconsidered after the UAE’s withdrawal.

An economist says OPEC’s oil quotas need to be reconsidered after the UAE’s withdrawal.

5-4-2026

Information/Baghdad…
Economic expert Dr. Safwan Qusay stressed the importance of reconsidering the oil quotas of the OPEC oil exporting organization after the UAE withdrew from it.

Qusay told Al-Maalomah, “The process of rearranging quotas within OPEC should be discussed, as the UAE’s withdrawal from the organization means Read more…

Al-Saadawi: Appointing deputies to the President of the Republic is necessary for two reasons

Al-Saadawi: Appointing deputies to the President of the Republic is necessary for two reasons

5-4-2026

Information / Baghdad..
Former MP Abdul Hadi Al-Saadawi, a leader in the Reconstruction and Development Bloc, confirmed on Monday that there is political movement and current understandings to push for the appointment of deputies to the President of the Republic, considering this step to have become an urgent Read more…

Reconstruction and Development: No agreement has yet been reached on the candidates for the next government.

Reconstruction and Development: No agreement has yet been reached on the candidates for the next government.

5-4-2026

Information/Baghdad..
The spokesman for the Reconstruction and Development Coalition, Firas Al-Muslawi, denied on Monday what has been circulating regarding the finalization of the names of the ministerial cabinet candidates for the next government.

Al-Muslawi told Al-Maalouma News Agency that “the names circulating Read more…

Mansour: Al-Zaidi’s visit to the region is a “necessary” step to ensure the government’s neutrality.

Mansour: Al-Zaidi’s visit to the region is a “necessary” step to ensure the government’s neutrality.

5-4-2026

Information / Baghdad…
The leader of the Patriotic Union of Kurdistan, Suzan Mansour, confirmed on Monday that the visit of the Prime Minister-designate, Ali al-Zaidi, to the Kurdistan Region and his meetings in Erbil and Sulaymaniyah represent a “necessary” step to ensure the neutrality of the next government.

Mansour told Al-Maalomah News Agency that “Al-Zaidi’s visit to the region Read more…

Kurdish demands on the table for the next government: oil, salaries, and Article 140

Kurdish demands on the table for the next government: oil, salaries, and Article 140

5-4-2026

Information / Baghdad…
Political reactions continue regarding Prime Minister-designate Ali al-Zaidi’s visit to the Kurdistan Region and his meetings with Kurdish leaders in Erbil and Sulaimaniyah. This visit has been described as pivotal in the process of forming the next government, with many emphasizing its importance Read more…

Chevron is negotiating for huge oil fields in Iraq as an alternative to Russian companies.

Chevron is negotiating for huge oil fields in Iraq as an alternative to Russian companies.

5-4-2026

A report by the oil and energy website Motley Fool, published Monday, confirmed that oil giant Chevron is steadily becoming a major player in Iraq, a move that could attract long-term investors.
The report, translated by Al-Maalomah News Agency, stated that Read more…

An American institute on al-Zaidi: Did the United States hand Iraq over to al-Khazali?

An American institute on al-Zaidi: Did the United States hand Iraq over to al-Khazali?

2026-05-04

Shafaq News – Special Translation
The Middle East Forum, an American think tank, linked the nomination of Ali al-Zaidi to form the new Iraqi government with the question of whether the United States had handed Iraq over to Qais al-Khazali, the Secretary-General of the Asaib Ahl al-Haq movement.

The American Institute explained in a report translated by Shafaq News Agency Read more…

Iraq’s financial revenues exceed 15 trillion dinars in two months

Iraq’s financial revenues exceed 15 trillion dinars in two months

2026-05-04

Shafaq News – Baghdad
The Ministry of Finance revealed on Monday that the volume of Iraqi revenues in the federal budget during the months of January and February of 2026 exceeded 15 trillion dinars.

Shafaq News Agency followed up on the data and tables issued by Read more…

Kirkuk maintains 200,000 barrels per day as Kurdistan’s production declines

Kirkuk maintains 200,000 barrels per day as Kurdistan’s production declines

2026-05-04

Shafaq News – Kirkuk
Sources in the North Oil Company revealed on Monday that exports of approximately 200,000 barrels per day of Kirkuk oil continue, with operational measures being taken to compensate for the decline in quantities coming from the Kurdistan Region.

Sources told Shafaq News Agency that approximately 30,000 Read more…