IRAQI DINAR POLITICS & ECONOMY

Iraq is leasing additional oil tankers to boost its exports through the Strait of Hormuz.

Iraq is leasing additional oil tankers to boost its exports through the Strait of Hormuz.

2026-10-06

Shafaq News – Follow-up
Iraq is preparing to charter additional oil tankers to transport its crude through the Strait of Hormuz, with at least two tankers expected to arrive in the coming days, as part of the country’s efforts to increase control over the transport of its oil exports through the strait.

Bloomberg reported that the Iraqi state-owned oil tanker company expects to charter at least one supertanker, along with Read more…

The State of Law sets a date for the vote on completing the formation of the government.

The State of Law sets a date for the vote on completing the formation of the government.

2026-10-06

Shafaq News – Baghdad
Member of the State of Law Coalition, MP Othman Al-Shaibani, revealed on Monday evening the date for the vote on completing the formation of the ministerial cabinet.

Al-Shaibani said in a post on his Facebook page, which was reviewed by Shafaq News Agency, that “the session on Read more…

Without a budget or cabinet… the framework issues a “protocolary” statement after its meeting

Without a budget or cabinet… the framework issues a “protocolary” statement after its meeting

2026-10-06

Shafaq News – Baghdad
The Coordination Framework held its periodic meeting on Monday evening, but it did not address the approval of the annual financial budget or the completion of the formation of the ministerial cabinet, despite the fact that more than six months have passed since the current government was tasked with the leadership of Ali al-Zidi. Read more…

Iraq contributed to the recovery of Gulf oil exports during September.

Iraq contributed to the recovery of Gulf oil exports during September.

2026-10-06

Shafaq News – Baghdad
Data from Vortexa and Kpler showed that crude oil and condensate exports from the Gulf countries recovered during September, supported by increased shipments from Saudi Arabia, the UAE and Iraq.

According to Kpler, total exports of crude oil and condensates from Saudi Arabia, the UAE, Iraq, Oman, Kuwait, Qatar and Iran rose to about 14.7 million Read more…

Economic warning regarding MPs’ statements: They will increase market and dollar instability in Iraq.

Economic warning regarding MPs’ statements: They will increase market and dollar instability in Iraq.

2026-10-06

Shafaq News – Baghdad
Economic expert Abdul Rahman Al-Mashhadani predicted on Tuesday that the exchange rate of the dollar in the parallel market may exceed the 160,000 dinar mark per 100 dollars, given the continued high demand for foreign currency and conflicting statements regarding monetary policy and the exchange rate.

Al-Mashhadani explained in an interview with Shafaq News Agency that it is not surprising that the dollar exceeded the 160,000 mark, at a time when a member of the Finance Committee is stating that the exchange rate is fixed at 150,000 dinars, while another member is talking about changing the currency, and another about removing zeros, Read more…

Parliamentary Finance Committee: The 2027 budget is 217 trillion dinars, with a deficit of 50 trillion.

Parliamentary Finance Committee: The 2027 budget is 217 trillion dinars, with a deficit of 50 trillion.

2026-10-06

Shafaq News – Baghdad
On Tuesday, Abbas Ahyal, a member of the parliamentary finance committee, revealed that the total value of the draft general budget for Iraq for 2027 amounts to 217 trillion dinars, while the deficit in it reaches 50 trillion dinars.

Ahyal told Shafaq News Agency that the parliamentary finance committee hosted Finance Minister Faleh al-Sari today to discuss the draft general budget law for 2027, the most important articles and paragraphs of the law, and the date of its submission Read more…

Iraqi oil replaces Iranian oil in Chinese refineries

Iraqi oil replaces Iranian oil in Chinese refineries

2026-10-06

Shafaq News – Special Translation
Reuters revealed on Tuesday that independent Chinese refineries have increased their purchases of Iraqi and Qatari crude oil for October and November shipments to compensate for declining Iranian supplies, coinciding with the recovery of exports from other Gulf producers through the Strait of Hormuz.

The agency quoted traders in a report translated by Shafaq News Agency as saying that Chinese refineries bought Read more…

Following the false claim that Iran prevented Iraq from exporting oil, MP Alaa al-Haidari stated: Iraq exports more than 4 million barrels per day through the Strait of Hormuz.

Following the false claim that Iran prevented Iraq from exporting oil, MP Alaa al-Haidari stated: Iraq exports more than 4 million barrels per day through the Strait of Hormuz.

10-6-2026

Member of Parliament Alaa al-Haidari confirmed that Iraq exports more than 4 million barrels per day through the Strait of Hormuz.

Al-Haidari explained in a televised interview that Iraq exports 4,150,000 barrels per day through the Strait of Hormuz, according to yesterday’s figures. This is more than the OPEC agreement, but exports were increased according Read more…

The Minister of Finance will appear before Parliament tomorrow to discuss the draft 2027 budget.

The Minister of Finance will appear before Parliament tomorrow to discuss the draft 2027 budget.

10-5-2026

The parliamentary finance committee announced on Monday that the House of Representatives will host Finance Minister Faleh al-Sari and senior ministry officials on Tuesday to discuss the draft general budget law for 2027.

Committee member Riyadh al-Tamimi said that “the House of Representatives will host, at the invitation of the Finance Committee, Finance Minister Falih al-Sari and senior ministry staff on Tuesday Read more…

Al-Harki: Unifying the Peshmerga and subjecting them to Baghdad is a step towards the birth of a regional government.

Al-Harki: Unifying the Peshmerga and subjecting them to Baghdad is a step towards the birth of a regional government.

10-5-2026

Information/Follow-up…
Ahmad al-Harki, a leader in the Patriotic Union of Kurdistan (PUK), affirmed on Monday that the agreement to unify the Peshmerga forces and place them under the authority of the Kurdistan Regional Government (KRG) represents a positive step towards ending the political deadlock and resolving the crisis surrounding the formation of the Kurdistan Regional Government, which has been stalled for over two years. Read more…

Between 12.67 and 14 percent… Conflicting figures bring the issue of Kurdistan’s share back to the forefront

Between 12.67 and 14 percent… Conflicting figures bring the issue of Kurdistan’s share back to the forefront

10-5-2026

Information/Report…
Statements from some political parties confirm that the Kurdistan Region has not provided accurate data regarding the number of employees over the past years in order to calculate the allocated budget funds for the region. Meanwhile, some parties have gone so far as to accuse certain government entities of corruption and collusion in favor of Kurdistan, allegedly to overlook the true number of employees. The situation may become more complicated in the coming days, especially since the regional government has already begun Read more…

Parliamentary services: No more delays in deciding on top executive positions

Parliamentary services: No more delays in deciding on top executive positions

10-5-2026

Information/Baghdad…
MP Mohammed al-Shammari, from the Parliamentary Services Alliance, confirmed on Monday that there is intensive parliamentary and political activity underway to finalize the cabinet formation. He revealed that the coming days will see the vacant ministerial posts filled and their nominees presented to Parliament. Read more…

Coordination framework: The presence of officers accompanying bloc leaders undermines the prestige of the security establishment.

Coordination framework: The presence of officers accompanying bloc leaders undermines the prestige of the security establishment.

10-5-2026

Information/Baghdad…
Zuhair al-Jalabi, a member of the Coordination Framework, warned on Monday of a serious decline threatening the prestige and standing of the security establishment. He pointed out that the practices of some high-ranking officers in accompanying the heads of political blocs and acting as personal bodyguards severely undermine the honor of the Iraqi military. Read more…

Al-Moussawi: No agreement to raise the dollar exchange rate

Al-Moussawi: No agreement to raise the dollar exchange rate

10-5-2026

Information/Special…
MP Mukhtar al-Moussawi confirmed on Monday that there is no final agreement to raise the exchange rate of the dollar to 150,000 dinars per 100 dollars within the 2027 budget. He noted that raising the exchange rate is very likely, but no specific rate has been agreed upon yet.
Al-Moussawi explained to Al-Maalouma that “Iraq is facing a severe financial and economic crisis, and this will lead to significant changes Read more…

Jaafar on the appointment of four deputies for Al-Zaydi: “Redundant links”

Jaafar on the appointment of four deputies for Al-Zaydi: “Redundant links”

10-5-2026

Information/Special..
Former Minister Jassim Mohammed Jaafar confirmed on Monday that the appointment of four deputy prime ministers represents an unnecessary layer in state institutions, questioning the usefulness of creating these positions in light of the difficult economic conditions that Iraq is going through.
In an interview with Al-Maalomah, Jaafar stated that “appointing four deputy prime ministers is an unnecessary layer,” explaining that “those who express a lack of desire for a salary or office do not negate the burdens and expenses associated with these positions.”
He added that “this comes at a time when Read more…

Today, a framework meeting will be held to resolve three issues, with the participation of Al-Zidi and the Minister of Finance.

Today, a framework meeting will be held to resolve three issues, with the participation of Al-Zidi and the Minister of Finance.

2026-10-05

Shafaq News – Baghdad
An informed source said on Monday that the leaders of the Coordination Framework will hold a meeting in the presence of the Prime Minister and the Minister of Finance to discuss the vote on completing the government cabinet and next year’s budget.

The source added to Shafaq News Agency that ” the leaders of the coordination framework are holding a meeting this evening in the presence of Prime Minister Ali al-Zubaidi in order to discuss Read more…

After a hiatus of more than half a century, Iraqi Line prepares to return to the Gulf.

After a hiatus of more than half a century, Iraqi Line prepares to return to the Gulf.

2026-10-05

Shafaq News – Baghdad
The Iraqi Ministry of Transport announced on Monday that the Iraqi Shipping Line is ready to resume its commercial shipping activity in the Gulf region, after a hiatus of more than half a century, with its first voyages scheduled to depart on October 15 from Jebel Ali Port in the UAE towards Umm Qasr Port in Iraq. Read more…

“Soyana”: We insist on our right to assume the Ministry of Immigration

“Soyana”: We insist on our right to assume the Ministry of Immigration

2026-10-05

Shafaq News – Baghdad
The head of the Christian parliamentary bloc “Suyana”, Kaldo Ramzi Oghna, affirmed on Monday that his bloc is holding fast to its entitlement to assume the Ministry of Migration and Displacement, stressing its rejection of any attempt to bypass it or include it in other political equations.

During a press conference held at the parliament building, accompanied by Read more…

Iraq resumes direct flights to Iran on Thursday

Iraq resumes direct flights to Iran on Thursday

2026-10-05

Shafaq News – Baghdad
Iraqi Airways announced on Monday that the national carrier will resume direct flights to Iran starting next Thursday, October 8, 2026.

The company’s management stated in a statement received by Shafaq News Agency that the new operating plan includes regular daily flights between Najaf International Airport and the airports of Mashhad, Tehran and Isfahan, which contributes to Read more…

No session on Thursday… “Vacant Ministries” meeting today and “State Administration” meeting tomorrow

No session on Thursday… “Vacant Ministries” meeting today and “State Administration” meeting tomorrow

2026-10-05

Shafaq News – Baghdad
The Iraqi parliament has postponed a session scheduled for next Thursday to complete the cabinet formation until next week.

According to an informed source who spoke to Shafaq News Agency, the postponement came as a result of ongoing disagreements over the candidates for the ministries of Labor and Social Affairs, Youth and Sports, and Planning, Read more…