Iraq

Coffin with Khamenei's body delivered to Iraq - report

The coffin with the body of Iran’s late Supreme Leader Ali Khamenei, killed during the U.S.-Israeli bombing, has been delivered to Iraq by a special plane that landed in the city of Najaf, the INA news agency reported.

Iraq ready to host US-Iran talks

Iraq is ready to host talks between the United States and Iran if necessary, Iraqi Ambassador to Russia Dr. Abdul-Karim Hashim Mostafa said.

Iraq warns it might leave OPEC - report

Iraq has considered leaving OPEC if the oil producer group does not allow Baghdad to ​significantly increase oil production, Reuters reported, citing sources.

OPEC plus increases oil production amid Hormuz blockade

Seven OPEC+ countries have decided to increase their oil production quotas by 188,000 barrels per day (bpd) in July, thus bringing the alliance's total quota for July to 35.83 million bpd, excluding overproduction compensation for countries violating the OPEC+ deal, OPEC said.

Iran reports progress in talks with US

Iran’s Foreign Minister Abbas Araghchi has held phone talks with Iraqi Foreign Minister Fuad Hussein to discuss bilateral issues and the latest regional and international developments, including the Pakistan-mediated talks with the U.S.

Iraq seeks IMF assistance amid Middle East crisis

The Iraqi leadership expects to receive support from the IMF in light of the current circumstances in the Middle East. The most recent agreement between Iraq and the IMF concluded in the summer of 2019.

Saudi Arabia boosts revenue due to Hormuz blockade

The blockade of the Strait of Hormuz is creating an economic split among oil exporters in the Persian Gulf, with Saudi Arabia and Oman set for a windfall and others including the UAE seeing a drop in petrodollar income, Bloomberg reported.

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