Tishwash: Foreign oil companies evacuate their employees from Iraq
Reuters reported on Saturday that several foreign oil companies have begun evacuating their foreign staff from oil fields in Iraq to Kuwait.
This comes amid fears of an escalating conflict in the region, as the US military in recent days abruptly canceled a major military exercise planned for an elite paratrooper unit, a move that has sparked speculation within the US Department of Defense about the possibility of sending ground troops to the Middle East as the confrontation with Iran widens.
Financial and consulting institutions have warned of potential repercussions on global oil supplies if the war with Iran continues, pointing to the possibility of a large part of production being halted due to the closure of the Strait of Hormuz.
Approximately 20% of the world’s daily oil demand passes through the Strait of Hormuz. With the strait effectively closed for seven days, this meant that roughly 140 million barrels of oil, equivalent to about 1.4 days of global demand, were unable to reach the market. link
Tishwash: Iraq tells US Envoy it seeks to stay out of regional war
Iraqi Foreign Minister Fuad Hussein told the US chargé d’affaires Joshua Harris on Thursday that Iraq is working to avoid being drawn into the widening regional war, according to Iraq’s Foreign Ministry.
He warned that the fighting threatens broader regional stability and said Baghdad is trying to keep the conflict from spilling into Iraq.
Hussein also outlined the war’s potential economic impact on the country and reiterated that Iraq will protect diplomatic missions operating on its territory.
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Fuad Hussein, during his meeting with the US Chargé d’Affaires, affirmed Iraq’s commitment to shielding itself from the repercussions of the war.
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On Thursday, March 5, 2026, Deputy Prime Minister and Minister of Foreign Affairs, Mr. Fuad Hussein, received the Chargé d’Affaires of the Embassy of the United States of America in Iraq, Mr. Joshua Harris.
During the meeting, they discussed developments in the war in the region and its repercussions on the regional situation. Mr. Fuad Hussein emphasized the seriousness of the continued war and its consequences for the security and stability of the entire region.
The minister stressed that the Iraqi government is making continuous efforts to keep the repercussions of the war away from Iraq, and to prevent it from slipping into the cycle of conflict, in order to preserve its security and stability.
The Minister also gave an explanation of the financial and economic effects of the war and its repercussions on Iraqi society, in light of the challenges facing the region.
In a related context, Mr. Fuad Hussein affirmed the Iraqi government’s commitment to protecting diplomatic missions operating in Iraq and ensuring their security in accordance with international agreements and norms.
He also reiterated that Iraqi territory would not be used as a launching pad for any hostile acts against neighboring countries. In this context, he referred to the Kurdistan Region leadership’s declaration that the regional authorities would not allow any party to exploit its territory to organize acts of violence against neighboring countries, including the Islamic Republic of Iran.
Fuad Hussein Affirms Iraq’s Determination to Keep the Country Away from the Repercussions of War During Meeting with the US Charge d’Affairs
Deputy Prime Minister and Minister of Foreign Affairs of the Republic of Iraq, HE Mr. Fuad Hussein, received on Thursday, 5 March 2026, the Chargé d’Affairs of the Embassy of the United States of America to the Republic of Iraq, Mr. Joshua Harris.
During the meeting, the two sides discussed the developments of the war in the region and its repercussions on the regional situation. HE Mr. Fuad Hussein stressed the seriousness of the continued war and its consequences for the security and stability of the entire region.
HE the Minister emphasized that the Iraqi government is making continuous efforts to keep Iraq away from the repercussions of the war and to prevent the country from being drawn into the circle of conflict, in order to preserve its security and stability.
HE the Minister also provided an explanation of the financial and economic impacts of the war and their repercussions on Iraqi society, particularly in light of the challenges currently facing the region.
In this context, HE Mr. Fuad Hussein reaffirmed the Iraqi government’s commitment to protecting diplomatic missions operating in Iraq and ensuring their security in accordance with international agreements and diplomatic norms.
HE also reiterated that Iraqi territory will not be allowed to be used as a launching point for any hostile acts against neighboring countries. In this regard, HE referred to statements by the leadership of the Kurdistan Region affirming that the authorities of the Region do not permit any party to exploit its territory to organize acts of violence against neighboring states, including the Islamic Republic of Iran.
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He added that Iraqi land will not be used to launch attacks against neighboring states.
The minister also referred to statements from Kurdistan Region authorities that the region will not allow its territory to be used for attacks against neighboring countries, including Iran.
The meeting comes as the United States and Israel continue strikes inside Iran, which Tehran has answered with attacks on Israeli targets and US interests across the region. link
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Tishwash: A government advisor identifies four paths to achieving economic diversification in Iraq.
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed on Friday that achieving sustainable economic stability in Iraq requires expanding the productive base and activating four main policy paths to reduce dependence on oil revenues.
Saleh told Al-Furat News Agency: “The first path is based on manufacturing natural resources and maximizing their added value, indicating that Iraq possesses strategic resources such as silicon, sulfur and phosphate, and that moving from exporting raw materials to processing them industrially allows for the establishment of integrated production chains that contribute to increasing returns and generating job opportunities.
He added that the second track relates to revitalizing the micro, small and medium enterprises sector, as it is capable of absorbing about 60% of the workforce if the appropriate financial and regulatory environment is available, stressing the need to link these projects to a broader industrial strategy that focuses on infrastructure.
Saleh added that the third path includes developing the agricultural sector and enhancing food security through adopting digital transformation and developing logistics services, noting that expanding agricultural manufacturing doubles the economic value of products and creates productive links between agriculture and industry.
Regarding the fourth track, Saleh called for restructuring the tourism sector through partnership with the private sector and developing tourism infrastructure, stressing that Iraq represents a historical, archaeological and religious treasure trove that can be transformed into an important source of national income.
Saleh concluded by pointing out that achieving economic diversification requires the integration of policies that link industry, agriculture, services and tourism within a comprehensive development vision to build a more sustainable economy. link
