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US Administration Expects Imminent Agreement with Tehran and Reveals Positive Negotiation Indicators

The US Presidency has revealed positive indicators in the ongoing negotiations with Tehran, predicting the possibility of concluding a final agreement between the two sides within the next few days. T...

The Iraqi Government Moves to Bypass the 2026 Budget, Focusing on the 2027 Financial Plan

Informed government sources reported that executive authorities are moving toward drafting the general budget for 2027, bypassing an independent budget for 2026 due to time constraints and mounting te...

Military Escalation in the Strait of Hormuz: Washington Strikes Iranian Sites While Tehran Responds by Targeting Bases and Tankers

The Strait of Hormuz has witnessed a severe military escalation following the US military's announcement of precision strikes targeting Iranian coastal radar and surveillance sites, in response to the...

Basra Crude Prices See Significant Growth in Global Oil Trading

Iraqi oil prices have recorded a noticeable increase in global markets, with both medium and heavy Basra crude experiencing a significant rise in trading value per barrel. This surge occurs amid sligh...

National Ports Receive First Chinese Commercial Cargo Ship Directly via Strait of Hormuz

In a move reflecting the recovery of maritime navigation, national ports received the first commercial cargo ship arriving directly from the People's Republic of China via the Strait of Hormuz, follow...

Global Demand Slump and Potential De-escalation Put Pressure on Oil Prices

Goldman Sachs has warned that weak oil demand in the Chinese and European markets poses a significant threat to its previous crude price forecasts for the fourth quarter, despite ongoing geopolitical...

Flexible Security Plan in Diyala to Secure Eid Al-Adha Without Road Closures

The local government in Diyala Governorate announced the launch of a comprehensive security plan for Eid Al-Adha, which relies on six strategic priorities aimed at maintaining security and order. Prov...

Slight Decline in Iraqi Oil Prices in Tandem with a Drop in Global Market Indicators

Iraqi oil prices experienced a slight decline during weekly trading in global markets. Basra Medium crude fell to $105.95 per barrel, while Basra Heavy crude decreased to $103.85 per barrel. These dec...

Economic Warnings of a Potential Food Crisis and Calls for a National Strategy to Support Local Production

In tandem with regional tensions and disruptions in international shipping lanes, the country's food security file has surged to the forefront of economic discussions amid warnings of the negative imp...

Washington Rejects Latest Iranian Offer, Presenting Tehran with the Choice of Agreement or Military Escalation

The US administration has officially rejected the latest Iranian proposal aimed at de-escalation, passed through mediating diplomatic channels, deeming it insufficient and falling short of the underst...

Slight Variation in Local Exchange Rates Coinciding with Stable Gold Prices Globally and Locally

Local currency markets witnessed a slight decline in the exchange rates of the US dollar against the Iraqi dinar, while gold prices maintained relative stability in both local and global markets. The...

Significant Rise in Global Oil Prices, Brent Crude Surpasses $108

Global crude oil prices experienced a noticeable surge on Friday, driven by supply and demand dynamics and ongoing geopolitical concerns, particularly the crisis in the Strait of Hormuz. According to...