For Iraq, Hormuz Is a Boomerang

Iraq’s oil output dropped from approximately 4.3 million barrels per day before February’s Hormuz closure to around 1.3 to 1.4 million barrels,…

Baghdad Turns to the Printing Press as Oil Revenue Holds Near $1 Billion

Iraq has begun printing money to manage the fiscal crisis triggered by the closure of the Strait of Hormuz, Foreign…

Afrin and Qamishli could become transit hubs in two major regional rail corridors

A major shift may be underway around two Syrian Kurdish border geographies: Afrin in the west and Qamishli in the…

The Pipeline Deal That Could Remake Iraq’s Oil Map

The 1973 Iraq-Turkey crude oil pipeline agreement, last renewed in 2010, terminates on July 27. Turkey gave formal notice of termination in July 2025 and has kept a draft replacement…
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Iraq’s April Oil Revenue: Official Data Confirms a Deeper Drop Than Projected

Iraq’s Oil Ministry has released the official export figures for April, and they land below even the cautious projections we published two weeks ago. Where our reconstruction pointed to somewhere…
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Iraq’s Oil Revenue Has Collapsed. The Question Now Is How Long the State Can Hold.

Iraq entered April having already recorded its worst monthly oil export figure in recent memory. March revenues had fallen to roughly $2 billion on 18 million barrels exported – a…
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Turkey, Syria, and Iraq edge toward a rail corridor that bypasses the KRG

On April 4, 2026, Turkish Transportation Minister Abdulkadir Uraloğlu announced that Ankara will revive “the railway line from Nusaybin to Qamishli, thus connecting to both Syria and Iraq,” noting that…
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Iraq’s Oil Exports Collapsed by 82% in March as SOMO Scrambles to Build Emergency Alternatives

The war’s first full month wiped out most of Iraq’s seaborne export capacity. The patchwork of fallback routes Baghdad assembled kept some revenue flowing, but March’s earnings covered less than…
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The Pipeline Card: Why the KRG’s Strongest Lever May Be Its Most Dangerous

Iraq’s oil minister said today that Kirkuk crude would be re-exported within a week through the old federal Kirkuk-Ceyhan pipeline “without passing through the Kurdistan Region,” after the KRG refused…
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KRG Civil Servants Owed $21bn After Decade of Delayed and Partial Salaries

The KRG owes its public sector workforce an estimated 30.8 trillion Iraqi dinars, approximately $21 billion, in unpaid wages, withheld salary increases, and accumulated arrears built up over eleven years…
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