Iraq Is Moving Towards Balancing Programs With US Support And In Coordination With The World Bank.

Money and Business    Economy News – Baghdad    Finance Minister Faleh Sari discussed on Wednesday with the US Chargé d'Affaires to Iraq, Joshua Harris, prospects for economic cooperation between Baghdad and Washington and ways to strengthen the partnership with US financial institutions, while both sides affirmed their support for the path of economic and financial reforms.

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US-Iran Ceasefire Tested as Drone Attacks Hit Ships in the Strait of Hormuz

Renewed attacks on commercial vessels have heightened tensions in the Gulf, threatening fragile peace efforts and raising new concerns over global energy security and maritime trade.

The Strait Of Hormuz Has Reopened — Why That Might Be A Problem For The Oil Market: Chart Of The Day

Jake Conley   Yahoo Finance

As the war has wound down and the US and Iran continue ongoing negotiations, ship traffic through the Strait of Hormuz has begun to pick up, sending increasing amounts of oil to the global market that has been starved for it.

That might be a problem for the oil market, according to JPMorgan commodity strategists, led by head of commodities research Natasha Kaneva.

Oil Prices Rise On Demand Watch

2026-07-07 01:18     Shafaq News   Oil prices edged higher on Tuesday, though gains were capped as traders ‌looked beyond easing geopolitical tensions in the Middle East and turned their attention to supply increases and demand prospects.

Brent crude futures gained 38 cents, or 0.5%, to $72.37 a barrel, while U.S. West Texas Intermediate crude rose 30 cents, or 0.4%, to $68.85 a barrel as of 0350 GMT, after settling down at ​around pre-Iran war levels on Monday.

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NATO Summit Opens in Ankara, Focusing on Defense Commitments and Alliance Unity

Leaders from NATO's 32 member nations are meeting in Ankara to strengthen alliance unity, expand defense investment, and address evolving global security challenges amid rising geopolitical uncertainty.

The Iraqi Parliament Confirms Its Readiness To Legislate The Oil And Gas Law.

Shafaqna Iraq - Parliamentary statements confirmed that there is a trend within the House of Representatives to legislate the oil and gas law, in addition to working on developing non-oil resources and reducing dependence on the public sector.  

Member of Parliament, Youssef Al-Kalabi, announced the readiness of Parliament to legislate laws supporting the national economy, foremost among them the oil and gas law, calling for the activation of the suspended clauses to maximize state revenues outside the oil sector, while praising the recent Cabinet decisions and describing them as having put its finger on the “source of the problem.”