Pezeshkian and Iraqi President discuss regional developments
Iranian President Masoud Pezeshkian and his Iraqi counterpart Nizar Amidi discussed regional issues over the phone on May 26, according to Iran's state media.
Iraq
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 searching for those involved in drone attacks on Saudi Arabia and UAE
Iraqi Prime Minister Ali al-Zaidi directed that necessary measures be taken against those involved if it is proven that Iraqi territory was used as a launching pad for attacks against Saudi Arabia and the UAE.
Oil companies shipping fuel bypassing Strait of Hormuz
Freight rates on the Shanghai to Gulf and Red Sea route hit record highs this week, surpassing even the peaks reached during the Covid-19 pandemic, Financial Times reported, citing sources.
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.
Iraq encouraging oil exports with big discounts - report
Iraq has sharply cut oil prices for buyers willing to ship crude through the Strait of Hormuz amid the escalating tensions in the region, Bloomberg reported.
OPEC countries to raise oil output by 188,000 barrels per day
Seven key OPEC+ members (Russia, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman and Algeria) have decided to raise oil output quotas by 188,000 barrels per day (bpd) in June, the group said in a joint statement.
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.
Iraq intends to remain in OPEC
The UAE's state news agency WAM reported that the UAE intends to leave OPEC and OPEC+
Basra-Ceyhan oil pipeline could become alternative to Hormuz - IEA Head
The Basra-Ceyhan oil pipeline could become an alternative to the Strait of Hormuz for energy exports, according to the head of the IEA.
OPEC countries oil production-down about a third
Crude oil production in the major Gulf Arab exporters plunged in March due to the Iran war, according to data released by OPEC.
Kurdish party member elected president of Iraq
Iraq's parliament has chosen Nizar Amidi, the presidential administration's official, as a candidate from the Kurdish party. Amidi has already been congratulated by Russian President Vladimir Putin.
OPEC plus to ramp up oil output in May
Eight leading OPEC+ countries have decided to increase oil production by 206,000 barrels per day (bpd) in May (compared to April levels), the organization’s statement said.
Iran allows Iraqi vessels to pass through Strait of Hormuz
The restrictions imposed by the country apply only to tankers and bulk carriers of hostile countries
Iraq resumes oil exports through Turkey's port of Ceyhan
Iraq has resumed oil exports via the Kirkuk-Ceyhan pipeline, the state-owned North Oil Company (NOC) said, according to the Iraqi news agency INA.
Baghdad in talks with Tehran to allow oil tankers through Strait of Hormuz
Iraq is in contact with Iran to allow some oil tankers to pass through the Strait of Hormuz, Iraqi Oil Minister Hayyan Abdul Ghani said.
US embassy in Iraq hit in missiles attack - report
The U.S. Embassy in the Iraqi capital Baghdad was hit in a missiles attack, Iraqi security sources said on Saturday.
Iraqi oil ports suspend operations
Oil terminals at Iraqi ports have suspended operations following attacks on tankers, director general of the General Company for Ports of Iraq Farhan al-Fartousi said.
Persian Gulf reduces oil production by 67 mln barrels
Saudi Arabia, Iraq, the UAE and Kuwait have lowered their collective output by as much as 6.7 million barrels a day, Bloomberg reported citing sources.
IRGC attacks Kurdish positions in Iraqi Kurdistan
The Islamic Revolutionary Guard Corps (IRGC) forces launched a missile attack on Kurdish paramilitary positions in Iraqi Kurdistan.