The US is sending about 9,000 troops to the Middle East as Trump threatens fresh Iran strikes, days after its last forces left Iraq.
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Iraq formally declared the end of the US-led international coalition’s military mission against Islamic State on September 30, with Prime Minister Ali Faleh al-Zaidi saying the country had entered a new phase of full responsibility for its security
Europe is heading into winter locked in a bidding war with Asia for LNG cargoes, with EU gas stores at record lows.
Oil flows through the Strait of Hormuz have topped 13.5mn barrels a day, led by a surge in Saudi Gulf loadings, Commodity Context's tally of Kpler data showed on September 25.
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Iraq's Najaf airport has closed to Iranian flights, grounding eight Najaf services at Tehran's main airport as Istanbul becomes Iran's busiest remaining international route under US aviation sanctions.
Development bank’s region of operations resilient to multiple crises but pressures are mounting in multiple areas, EBRD chief economist Beata Javorcik told IntelliNews.
The EBRD has cut its 2026 growth forecast for its regions to 2.5% from 3.1% as Iraq's oil export collapse, European drought and a renewed Black Sea blockade hit output.
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The US State Department has notified Congress that it will redirect $52mn in foreign military financing away from Slovakia, North Macedonia, Tunisia and Iraq and towards Panama, Peru, Ecuador and Colombia.
Iraq's Ministry of Electricity and Siemens Energy AG have signed a Principles of Cooperation Agreement on Energy, according to an official readout.
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The EBRD is providing a trade finance facility of up to $25mn to Bank of Baghdad, alongside EU-funded training, to widen correspondent banking relationships and improve access to trade finance for Iraqi businesses.
The price of oil is expected to rise steadily as “reserves dipping” is close to ending. Many traders and oil companies say that the oil price should be higher and expect it to rise in the next couple of months.
French President Emmanuel Macron received Iraqi Prime Minister Ali Faleh al-Zaidi at the Élysée Palace, as Baghdad and Paris signed six agreements covering defence, energy, civil aviation and economic cooperation.
Second transfer involving around 250 jailed Turkish women set to go ahead.
Oil rose for a second day as US-Iran hostilities deepened fears of prolonged disruption through the Strait of Hormuz, with Brent near $91 and only five commercial vessels a day crossing the waterway.
Yuksel Koc faces indictment alleging membership in a terrorist organisation.
Group also warns proposed disarmament of brother organisation will prove unsustainable if Turkey continues to frame Kurdish question primarily as security problem.
Iraq plans to strip three zeros from the dinar and issue new banknotes, a lawmaker says, in a redenomination aimed at rebranding the currency and curbing cash outside the banking system.
Iraq and the World Bank have discussed priorities for a new electricity sector loan, covering transmission bottlenecks, grid efficiency, gas supply and the delayed Gulf interconnection. No loan size was disclosed.
The EBRD is providing up to $75mn in trade finance to Iraq's Al Mansour Bank for Investment, covering payment risks on cross-border deals and widening access to financing for Iraqi businesses and MSMEs.
Baghdad sold around 42mn barrels in July, made up of about 35mn from southern ports and 7mn from Turkey's Ceyhan terminal on the Mediterranean.