IRAQI DINAR POLITICS & ECONOMY

Iraq’s oil exports to the US fell by about 500,000 barrels per day in one month.

Iraq’s oil exports to the US fell by about 500,000 barrels per day in one month.

2026-03-10 02:14

Shafaq News – Baghdad / Washington
The U.S. Energy Information Administration announced on Tuesday that Iraq’s oil exports to the United States totaled more than 6 million barrels during February.

The administration stated in a table seen by Shafaq News Agency that “Iraq exported Read more…

New security warning: Americans face kidnapping risk in Iraq

New security warning: Americans face kidnapping risk in Iraq

2026-03-10 02:56

Shafaq News – Baghdad
The US Embassy in Baghdad warned its citizens in Iraq on Tuesday of escalating security risks, noting that they face threats including kidnapping and attacks that could target Americans and their interests, and urging them to leave the country Read more…

An American institute calls for continued pressure on Iraq to end Iran’s influence.

An American institute calls for continued pressure on Iraq to end Iran’s influence.

2026-03-09 09:40

Shafaq News – Special Translation
The US-based Foundation for Defense of Democracies called on the United States to continue pressing to counter Iran’s grip on Iraq, arguing that airstrikes targeting Iranian-backed militias are likely part of US-Israeli operations, but without anyone claiming Read more…

Iraq possesses 20,000 oil tankers capable of holding 4 million barrels per day… Experts present 3 “emergency” alternatives to the Strait of Hormuz

Iraq possesses 20,000 oil tankers capable of holding 4 million barrels per day… Experts present 3 “emergency” alternatives to the Strait of Hormuz

2026-03-09 | 04:27

SumerianNews-Economy
Economic experts reviewed on Monday the possible alternatives for Iraq to export its oil away from Strait of Hormuz They discussed the possibility of using the large fleet of Iraqi tankers to transport oil from the southern fields to export platforms via Read more…

Abu Fadak is at the heart of the equation… The framework faces a crucial night for the premiership.

Abu Fadak is at the heart of the equation… The framework faces a crucial night for the premiership.

2026-03-09

Shafaq News – Baghdad
The leaders of the Coordination Framework are holding a meeting Monday evening at the home of the head of the Supreme Islamic Council, Humam Hamoudi, in an attempt to decide the fate of the nomination of the head of the State of Law Coalition, Nouri al-Maliki, for the position of Prime Minister, after weeks of internal Read more…

“Security concerns” are driving Iraqis to withdraw their money from state-owned banks.

“Security concerns” are driving Iraqis to withdraw their money from state-owned banks.

2026-03-09 01:39

Shafaq News – Baghdad
An informed source reported on Monday that state-owned banks in Iraq, particularly Rafidain Bank and Rasheed Bank, are suffering from a severe liquidity crisis and a shortage of cash, with a clear decline in the funds available within those banks.

The source told Shafaq News Agency that “citizens who have deposited money have Read more…

Hormuz chokes Iraq: Oil exports below 800,000 barrels per day

Hormuz chokes Iraq: Oil exports below 800,000 barrels per day

2026-03-09 02:17

Shafaq News – Baghdad
Iraqi oil production has fallen sharply from 4.3 million barrels per day to 1.3 million barrels per day as a result of the disruption to shipping through the Strait of Hormuz.

This decline reduced Iraqi exports to less than 800,000 barrels per day, which Read more…

JP Morgan: Iraq has the lowest oil storage capacity among Gulf countries

JP Morgan: Iraq has the lowest oil storage capacity among Gulf countries

2026-03-09 02:58

Shafaq News – Baghdad
Data released by JPMorgan on Monday showed that Iraq has one of the lowest oil storage capacities among Gulf countries compared to other countries in the region.

According to the data, Saudi Arabia leads the Gulf countries in storage capacity, with Read more…

First official Iraqi comment on rising oil prices

First official Iraqi comment on rising oil prices

2026-03-09 04:21

Shafaq News – Baghdad
On Monday, Mazhar Muhammad Salih, the financial and economic advisor to the Iraqi Prime Minister, commented on the significant rise in global oil prices against the backdrop of the military conflict in the region.

Saleh told Shafaq News Agency that the oil administration Read more…

Kuwait informs Baghdad of recorded attacks originating from within Iraqi territory.

Kuwait informs Baghdad of recorded attacks originating from within Iraqi territory.

2026-03-09 06:08

Shafaq News – Baghdad
On Monday, the Kuwaiti ambassador in Baghdad informed the Iraqi Foreign Ministry that attacks had been recorded from within Iraqi territory targeting locations inside Kuwaiti territory, and called on the government to put an end to them.

The Ministry of Foreign Affairs’ media office said in a statement Read more…

Iraq recovers more than nine million dollars from frozen assets in Italy

Iraq recovers more than nine million dollars from frozen assets in Italy

2026-03-09

The Iraqi Funds Recovery Fund announced its success in recovering more than nine million dollars of Iraqi funds that had been frozen in Italy. This latest achievement reflects the effectiveness of the Fund’s legal and diplomatic efforts in recovering these assets. Mohammed Ali Al-Lami, Chairman of the Fund’s Board of Directors, stated that the Fund received information about Iraqi government accounts held at Read more…

The National Union rejects “consensus” and insists on a single-party candidate for the presidency.

The National Union rejects “consensus” and insists on a single-party candidate for the presidency.

3-8-2026

The Information/Baghdad…
Kurdistan Democratic Party (KDP) MP Dana Aziz confirmed on Sunday the continued deadlock within the Kurdish political landscape due to the Patriotic Union of Kurdistan’s (PUK) stance. He indicated that the PUK still rejects the option of a consensus candidate for Read more…

Al-Moussawi: Deciding on a candidate for prime minister requires a comprehensive meeting of the political forces within the framework.

Al-Moussawi: Deciding on a candidate for prime minister requires a comprehensive meeting of the political forces within the framework.

3-8-2026

The Information Agency / Baghdad…
MP Mukhtar al-Moussawi confirmed on Sunday that the limited meetings between some leaders of the framework will not lead to decisive results regarding the selection of a prime ministerial candidate. He called for a comprehensive meeting of all forces within the framework to end Read more…

Trump: We don’t want to involve the Kurds in the war, and the map of Iran may change.

Trump: We don’t want to involve the Kurds in the war, and the map of Iran may change.

2026-03-08

Shafaq News – Washington
US President Donald Trump said on Sunday that Washington does not want to involve the Kurds in the ongoing war against Iran, in a notable reversal of a previous position in which he expressed support for a Kurdish cross-border move.

He added in a statement to reporters that the Kurdish fighters had shown a willingness Read more…

With less than two million barrels per day, Iraq was the first country to be affected by the war in terms of oil production.

With less than two million barrels per day, Iraq was the first country to be affected by the war in terms of oil production.

2026-03-08 06:08

Shafaq News – Baghdad
Bloomberg reported on Sunday that Iraq’s oil production has fallen by about 60% as the Iran-related war continues, disrupting oil tanker traffic and hindering exports through the Strait of Hormuz.

The agency quoted informed sources as saying that Iraq is currently producing Read more…

Observatory: Reviving the “New Damascus Road” is Iraq’s only option to guarantee oil exports

Observatory: Reviving the “New Damascus Road” is Iraq’s only option to guarantee oil exports

2026-03-07 00:54

Shafaq News – Baghdad
On Saturday, the Eco Iraq Observatory called on the Iraqi government to take urgent action to diversify its oil transport and export sources, stressing that reviving the “New Levant Road” project has become a national necessity to avoid economic Read more…

Coordination framework: Maliki remains our candidate for prime minister, and talk of his withdrawal is inaccurate.

Coordination framework: Maliki remains our candidate for prime minister, and talk of his withdrawal is inaccurate.

3-7-2026

Al-Maalomah/Baghdad…
Baqir al-Saadi, a member of the Coordination Framework, confirmed on Saturday that Nouri al-Maliki remains the Framework’s sole candidate for the next prime minister, denying rumors circulating about his intention to withdraw.
Speaking to Al-Maalomah, al-Saadi stated, “The Coordination Framework is clear Read more…

Ports: Container entry 24 hours a day to boost Iraqi markets

Ports: Container entry 24 hours a day to boost Iraqi markets

3-7-2026

The head of the Border Ports Authority, Lieutenant General Omar al-Waeli, confirmed on Saturday that operations at border crossings will not be affected if any seaport is closed, as alternative routes exist to ensure the continued flow of goods into the country. He also noted that the Authority’s staff have begun Read more…

Political activity intensifies to decide the presidency… a security imperative to confront the repercussions of regional escalation

Political activity intensifies to decide the presidency… a security imperative to confront the repercussions of regional escalation

3-7-2026

Information/Report…
Iraq faces a dual challenge: a state of internal political deadlock and the serious security tensions plaguing the region. This has prompted political forces to intensify their efforts to fulfill constitutional requirements and protect Read more…

An economist says Iraq has squandered $1.5 trillion and is turning into a “welfare fund” that threatens its future.

An economist says Iraq has squandered $1.5 trillion and is turning into a “welfare fund” that threatens its future.

2026-03-07 05:47

Shafaq News – Baghdad
On Saturday, economist Manar Al-Obaidi warned of an impending economic “catastrophe” in Iraq as a result of “structural waste” policies, revealing that the country had generated “historic” revenues of $1.5 trillion over the past two decades without becoming a productive economic force.

This came in a report published by Read more…