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Iraqi Oil Prices Stable in Global Markets

Iraqi oil prices recorded stability on Thursday (May 7, 2026) during daily trading in global markets.According to data, Basra Medium crude price stabilized at $123.57 per barrel, while Basra Heavy cru...

Iraqi Oil Prices Decline in Global Markets

Iraqi oil prices recorded a decline today, Monday (May 4, 2026), during weekly trading in the global market.According to market data, Basra Medium crude rose to $123.57 per barrel, while Basra Heavy c...

Evading US Surveillance: A Massive Iranian Oil Shipment Heads Toward Indonesian Waters

Specialized maritime tracking reports indicated that a giant Iranian oil tanker successfully evaded US surveillance and naval blockades, safely reaching Indonesian waters. Navigation reports explained...

With 70 Tankers: Iraq Opens Rabia Border Crossing for Crude Oil Exports to Regional Markets

The Border Ports Authority announced today, Friday (May 1, 2026), the launch of the first crude oil export operations through the Rabia border crossing, dispatching 70 tankers as an initial batch. Aut...

End of "Unrestricted Oil"?.. Radical Transformations Shake Energy Markets and Redraw Global Rules

Economic expert Ziyad Al-Hashimi warned today (Thursday, April 30, 2026) that the world may be facing a radical transformation in the nature of the global oil market, affirming that the current crisis...

Tokyo Denies Paying Any Financial Fees to Tehran for Oil Tanker Crossing the Strait of Hormuz

The Japanese government has categorically denied reports suggesting that financial payments were made to Iran in exchange for allowing the oil tanker "Idemitsu Maru" to cross the Strait of Hormuz. Hig...

Oil Prices Continue Rising for Seventh Consecutive Day as Strait of Hormuz Remains Closed

Oil prices continued their upward trend for the seventh consecutive day, with the Strait of Hormuz remaining closed. The strait typically handles approximately 20% of global oil and gas consumption.Br...

Baghdad and Erbil Reach Preliminary Agreement on Oil Exports via Turkish Ceyhan Port

An informed government source reported today that the federal government in Baghdad and the Kurdistan Regional Government have reached a preliminary agreement that paves the way for resuming crude oil...

Alternative Energy Routes: Strategic Proposal to Connect Basra Oil to Ceyhan Port to Bypass Hormuz

Amid escalating risks surrounding traditional shipping lanes, a strategic proposal carrying profound economic and political dimensions has emerged: the construction of a new pipeline connecting the oi...

Exceptional Leap in Global Oil Prices Presents Iraq's Budget with New Challenges

Global energy markets experienced unprecedented turmoil following a sudden spike in crude oil prices by over 5%, driven by escalating security risks and the closure of strategic maritime corridors, sp...

Oil Tanker Targeted Off the Coast of Oman

The UK Maritime Trade Operations reported that a commercial oil tanker suffered a naval attack. The incident occurred in the waters between Iran and Oman amid escalating regional tensions. Reports ind...

Oil Prices Drop 10% Following the Resumption of Navigation in the Strait of Hormuz

Global energy markets witnessed rapid transformations on April 17, 2026, following the announcement of the full resumption of maritime navigation in the strategic Strait of Hormuz, resulting in a shar...