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Iraq

Iraq is a country in the Middle East, bordered by Türkiye to the north, Iran to the east, Kuwait and Saudi Arabia to the south, Jordan to the west and Syria to the north-west. Its capital and largest city is Baghdad. Iraq has a population of about 42-million and an economy heavily dependent on oil exports, which account for the majority of government revenue and gross domestic product. The country holds some of the world's largest proven oil reserves, concentrated in fields around Basra in the south and Kirkuk in the north, and is a member of the Organisation of the Petroleum Exporting Countries. Iraq also has significant natural gas resources, though much remains underexploited. The currency is the Iraqi dinar. Iraq is a federal parliamentary republic. The country is a founding member of the Arab League and the Organisation of Islamic Cooperation. Iraq's modern history has been shaped by the overthrow of the monarchy in 1958, decades of authoritarian rule, the Iran–Iraq War of the 1980s, the Gulf War in 1991, international sanctions and the 2003 invasion that toppled Saddam Hussein, followed by years of sectarian conflict and the fight against insurgent groups.

Iraq News


IMF signage
IMF cuts growth outlook, warns of potential global recession if Iran war worsens
14th April 2026 By: Reuters

 The International Monetary Fund cut its growth outlook on Tuesday due to Iran war-driven energy price spikes and supply disruptions and warned that the global economy would teeter on the brink of... 


Photo of Terence Creamer
Fundamentally disrupted
20th March 2026 By: Terence Creamer

Peace is not merely the absence of war. Yet when conflicts rage, the foremost priority is always to find ways to stop the killing and the destruction of infrastructure. Only then is there any... 


An oil tanker at sea
Oil soars 25%, gold drops as Iran war jolts global commodity markets
9th March 2026 By: Reuters

Oil prices surged around 25% on Monday to their highest since mid-2022, with Brent on track for a record one-day gain, while gold fell 2% as an escalating Iran war squeezed world energy supplies,... 


An aerial view of the Strait of Hormuz
US strike on Iran 'ahead of game plan' but global markets rattled, energy prices soar
4th March 2026 By: Reuters

US forces continued a round-the-clock assault on Iran and Israel mounted a "broad wave" of strikes on Wednesday targeting Iranian missile sites and air defence systems in a campaign that a top... 


An oil pump
OPEC+ keeps oil output steady amid turmoil among members
4th January 2026 By: Reuters

OPEC+ kept oil output unchanged on Sunday after a quick meeting that avoided discussion of the political crises affecting several of the producer group's members. Sunday's meeting of eight members... 


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pqt: 0.046s - ct: 0.091s - 157pq - 2rq
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