Iraq & Brent Crude
70 shared events · Importance 16 · Last updated May 13, 2026
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International
Iraq: Iraq secured safe passage for its crude oil shipments through the Strait of Hormuz via a deal with Iran, safeguarding its oil revenues which constitute 95% of its budget.
Brent Crude: Brent Crude prices have surged by more than 50% since the outbreak of the conflict due to disruptions in energy exports from the Gulf region.
May 12, 2026 · 21 articles
International
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.
Brent Crude: Brent Crude prices have surged to around $100 per barrel due to the conflict and disruptions in the Strait of Hormuz, significantly impacting global energy costs and inflation.
Apr 08, 2026 · 307 articles
International
Iraq: Iraq is a Gulf producer whose oil supply is connected to global markets via the Strait of Hormuz, making it indirectly affected by the restrictions.
Brent Crude: Brent Crude futures prices rose due to concerns over restricted energy flows through the Strait of Hormuz, indicating market volatility.
Apr 08, 2026 · 19 articles
International
Iraq: Iraq has cut deals with Iran to ship oil and liquefied natural gas, contributing to Iran's firming control over the Strait of Hormuz.
Brent Crude: Brent Crude futures have extended gains, climbing to over $107 a barrel due to the deadlock and closure of the Strait of Hormuz, indicating a significant market impact.
May 12, 2026 · 21 articles
International
Iraq: Iraq, the third-largest producer in OPEC, has stated it has no plans to leave OPEC as it desires stable oil prices.
Brent Crude: Brent Crude prices have been significantly affected by supply disruptions due to the Iran war and the effective closure of the Strait of Hormuz, with the United Arab Emirates' exit from OPEC potentially adding to future price volatility.
Apr 28, 2026 · 222 articles
International
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.
Brent Crude: Brent Crude futures have risen above $100 a barrel due to renewed fighting and tensions in the Strait of Hormuz, reflecting market concerns over oil supply disruptions.
May 04, 2026 · 139 articles
International
Iraq: Iraq is the location where an American journalist was kidnapped, with the incident being blamed on an Iranian-backed militia, indicating the spillover effects of the conflict into neighboring countries.
Brent Crude: Brent Crude prices rose to $109, a 50% increase since the war began, due to Iran's control over the Strait of Hormuz and its attacks on regional energy infrastructure, significantly impacting global energy markets.
Mar 29, 2026 · 65 articles
International
Iraq: Iraq is a country to which the United Arab Emirates has banned its citizens from traveling, citing regional developments.
Brent Crude: Brent Crude prices surged to over $126 a barrel due to the closure of the Strait of Hormuz, reflecting heightened concerns about global energy supplies and economic downturn.
Apr 30, 2026 · 20 articles
International
Iraq: The United States imposed sanctions on Iraq's deputy oil minister and three militia leaders over their alleged support for Iran.
Brent Crude: The price of Brent Crude rose by 2.6% to $102.70 a barrel due to concerns over military action in the Strait of Hormuz, a critical trade route for oil and gas.
Apr 22, 2026 · 36 articles
International
Iraq: Iraq is involved in deals with Iran to ship oil and liquefied natural gas, indicating its role in regional energy trade amidst the conflict.
Brent Crude: Brent Crude futures prices are directly affected by the geopolitical tensions surrounding the Iran war and the diplomatic efforts to resolve it, showing volatility based on market sentiment and supply disruptions.
May 13, 2026 · 12 articles
International
Iraq: The United States imposed sanctions on Iraq's deputy oil minister and three militia leaders over their alleged support for Iran, indicating continued US pressure in the region.
Brent Crude: Brent Crude prices plunged significantly on reports of a potential peace deal between the United States and Iran, reflecting market optimism that an end to the conflict would ease energy supply disruptions.
May 06, 2026 · 98 articles
International
Iraq: Iraq is included in the travel ban issued by the United Arab Emirates due to regional instability.
Brent Crude: Brent Crude prices have risen to $126 a barrel due to Iran's control over the Strait of Hormuz and the US Navy blockade, reflecting the market's reaction to supply disruptions.
Apr 30, 2026 · 55 articles
International
Iraq: Iraq's prime minister-designate Ali al-Zaidi was in a call with Masoud Pezeshkian where Iran's stance on negotiations was reiterated.
Brent Crude: Brent Crude prices dropped significantly following the announcement of the pause in US escort operations, reflecting market relief over de-escalation.
May 06, 2026 · 31 articles
International
Iraq: Iraq's Rumaila oil field was among those struck in the Middle East, contributing to the disruption of global oil supplies.
Brent Crude: Brent Crude prices hit $83.07 per barrel due to the Middle East crisis, reflecting the instability in global energy markets.
Mar 06, 2026 · 6 articles
International
Iraq: Basra, Iraq, is the destination for a Malta-flagged vessel, as its ports are not under the U.S. blockade.
Brent Crude: Brent Crude prices have been highly volatile, surging due to the effective closure of the Strait of Hormuz and falling on hopes for a peace deal, reflecting the significant impact of the conflict on global energy markets.
Apr 08, 2026 · 702 articles
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