Strait of Hormuz impasse squeezes world shipping
Strategic ImportanceThe Strait of Hormuz is a critical chokepoint for global energy markets, with roughly 20% of seaborne oil passing through. Beyond oil, it...
Markets on edge as Middle East escalation threatens wider financial shock
Global markets are on edge as tensions in the Middle East escalate, moving from a distant worry to a major threat for investors. What...
OPEC+ mulls oil production increase in shadow of war
Energy markets are watching closely as major oil producers prepare for a key decision that could influence global prices. Analysts expect leading members of...
Crude soars, stocks drop after US strikes on Iran
Markets shook on Monday as strikes by the United States and Israel on Iran sent oil prices soaring and stocks across Asia tumbling, stoking...
Asian markets fluctuate after healthy week of tech gains
Markets in Asia slowed down on Friday as traders paused after a strong week, especially in the tech sector. Investors had been buying heavily...
Tech firms lead Asian markets rally as Seoul, Tokyo hit records
Stock markets in Seoul and Tokyo surged to record highs on Wednesday, as technology shares powered a strong rally across Asia.The jump followed a...
Precious metals fall again, Asian stocks swing as traders wind down
Hong Kong – Traders took it easy Tuesday as the year comes to a close, with precious metals giving back some of their recent...
Iraq emerges as major export market for UAE’s Ras Al Khaimah
Iraq has become one of the top export destinations for the UAE emirate of Ras Al Khaimah, showing how quickly economic ties between the...
China’s rare earths El Dorado gives strategic edge
In southern China, under layers of red soil, sits one of the most powerful resources on Earth. This is Ganzhou, a quiet-looking region hiding...
Asian markets track Wall St lower as AI fears mount
Asian stock markets fell on Thursday, following another rough day on Wall Street, as investors continue to worry about the tech sector — especially...
Trump vows economic boom, blames Biden in address to nation
President Donald Trump went on national television Wednesday night with a clear message: the economy is about to boom — and Joe Biden is...
Asian markets retreat ahead of US jobs as tech worries weigh
Hong Kong – Asian markets extended losses on Tuesday, following Wall Street lower, as investors prepared for key U.S. jobs and inflation reports. Concerns...
Iraqi News
Kurdish opposition figure: The region’s finance ministry stole 5 trillion dinars allocated for job...
Independent Kurdish politician Saman Ali has made serious allegations against the Kurdistan Regional Government’s finance ministry, claiming more than 5 trillion dinars meant for...
Iraqi oil prices fall by 2%… Basra crude records $112
Iraqi oil prices moved lower on Wednesday, falling more than 2% as global energy markets weakened.Basra Heavy crude dropped $1.13 to $112.50 per barrel,...
Al-Kadhimi: Halting dollar shipments is American blackmail that infringes on Iraq’s sovereignty.
Former parliamentary finance committee member Mu'in al-Kadhimi criticized reports that the US halted dollar shipments to Iraq, calling the move “political blackmail” and interference...
1.6m bpd Kirkuk Export Pipeline Set for Relaunch
Iraq’s Ministry of Oil says exports through the Kirkuk-Fishkhabour-Turkey pipeline could resume soon, starting with limited volumes.The pipeline has a capacity of 1.6 million...
DNO issues Update on Production
Norwegian energy company DNO has given an update on its operations in Iraq’s Kurdistan region, saying it is preparing to ramp production back up...