Petroleum & Iraq
37 shared events · Importance 11 · Last updated May 09, 2026
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International
Petroleum: Petroleum prices have surged above $100 per barrel due to the Iran war and the closure of the Strait of Hormuz, leading to higher costs across multiple sectors.
Iraq: Iraq's heavier crude fields could take four to five months to return to normal operating levels, contributing to the slow recovery of oil output.
Apr 08, 2026 · 307 articles
International
Petroleum: The withdrawal of United Arab Emirates from OPEC could lead to increased supply of Petroleum in the medium term, potentially putting downward pressure on prices, though short-term effects are uncertain due to geopolitical tensions.
Iraq: Iraq, the third-largest producer in OPEC, has stated it has no plans to leave OPEC as it desires stable oil prices.
Apr 28, 2026 · 222 articles
International
Petroleum: Petroleum prices fell due to hopes of a deal to reopen the Strait of Hormuz, directly impacting global energy markets.
Iraq: Iraq is subject to U.S. sanctions due to alleged ties with Iran, with officials and firms accused of helping Iran evade sanctions and finance militants.
May 04, 2026 · 139 articles
International
Petroleum: The conflict and blockade of Iranian ports directly impact the trade and supply of Petroleum, particularly through the Strait of Hormuz.
Iraq: The United States imposed sanctions on Iraq's deputy oil minister and three militia leaders over their alleged support for Iran.
Apr 22, 2026 · 36 articles
International
Petroleum: US crude oil futures fell below $100 per barrel after the announcement of a pause in 'Project Freedom', reflecting market reaction to potential de-escalation in the Strait of Hormuz conflict.
Iraq: Iraq's prime minister-designate Ali al-Zaidi was in a call with Masoud Pezeshkian where Iran's stance on negotiations was reiterated.
May 06, 2026 · 31 articles
International
Petroleum: The conflict and the closure of the Strait of Hormuz have significantly impacted global petroleum supplies and prices, leading to market volatility.
Iraq: Basra, Iraq, is the destination for a Malta-flagged vessel, as its ports are not under the U.S. blockade.
Apr 08, 2026 · 702 articles
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