Hormuz Tensions Push India To Cancel Iraqi Oil Cargoes

2026-07-21 08:38   Shafaq News- Baghdad   State-owned Indian Oil Corp. on Tuesday canceled plans to load two million barrels of Iraqi crude from the Basra terminal onto the crude carrier (VLCC) Lila Jamnagar around July 23 because of security concerns in the Strait of Hormuz.

Quoting three sources, Reuters said another state-run refiner, Mangalore Refinery and Petrochemicals Ltd. (MRPL), also deferred loading an Iraqi oil cargo aboard the Indian-flagged tanker Desh Gaurav.

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International Financial Institutions Coordinate Response as Middle East Crisis Reshapes Global Economy

The IMF, World Bank, WTO, and International Energy Agency strengthen cooperation to address growing risks to energy security, global trade, and financial stability.

The Shiite Political Bloc Can No Longer Accommodate Everyone.

A leader told One News: "The 'Coordination Framework' is heading towards a harsh restructuring, reducing its seats to 5 and excluding prominent forces."    

latest news   Tuesday,  July 21, 2026   Baghdad - One News -   Leading political sources in Baghdad revealed to One News that intense and unprecedented activity is underway within the corridors of the ruling Shiite "Coordination Framework" in Iraq, aimed at a radical restructuring of its leadership.

$18B+ Spent On 2025 Iraqi Public Construction

2026-07-20 05:19    Shafaq News- Baghdad   Iraq awarded 2,279 public-sector building and construction contracts worth 24.163 trillion Iraqi dinars ($18.45B) in 2025, with Baghdad accounting for the largest share of projects, the Commission of Statistics and GIS reported on Monday.   Baghdad led all provinces with 416 contracts valued at 4.753 trillion dinars ($3.63B), representing 18.2% of all public construction contracts awarded during the year.

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US-Iran Conflict Escalates as Oil Prices Jump and Hormuz Crisis Deepens

Fresh U.S. strikes and Iranian retaliation intensify pressure on global energy markets, trade routes, and financial stability.

'Provide Security Guarantees': Trump Urged Iraqi PM to Protect US Firms in Kurdistan

A Kurdistan Democratic Party (KDP) member of the Iraqi Parliament, Sipan Sherwani, revealed details regarding recent economic agreements signed in Washington, while simultaneously warning of a critical shortfall in refined petroleum products allocated to the Kurdistan Region for domestic consumption.

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BIS Advances Global Cross-Border Payment Project Toward Real-Value Transactions

Major central banks move beyond testing as Project Agorá demonstrates how tokenization could modernize wholesale international payments.

Association Of Banks: Central Bank's Understandings With The US Treasury Will Reflect On The Stability Of The Iraqi Dinar

Baghdad – WAA   The Association of Iraqi Private Banks confirmed on Saturday that the Central Bank’s understandings with the US Treasury represent an important turning point in the course of reforming the Iraqi banking sector, and indicated that this development will have a positive and direct impact on increasing the stability of the value of the Iraqi dinar.  

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Iraq Signs $60 Billion in U.S. Investment Deals as Banking and Energy Reforms Accelerate

Major agreements with U.S. companies and continued banking modernization highlight Iraq's long-term strategy to strengthen its economy, diversify energy exports, and deepen integration into the global financial system.

US-Iran War Costs Iraq 300M+ Oil Barrels

2026-07-19 07:24 Shafaq News- Baghdad (Updated at 15:07)  Iraq lost an estimated 302.8 million barrels of oil production during the first half of 2026 as the US-Iran war disrupted extraction and exports through the Strait of Hormuz, according to the Eco Iraq Observatory.