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Gold prices stabilized in May 2026 but remained on track for a 1.8% weekly decline as surging oil prices fueled inflation concerns and clouded interest rate outlooks. Spot gold hovered around $4,622....
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In May 2026, Iraq officially commenced crude oil exports through the Rabia border crossing, sending the first 15 tankers toward Syria. Border Ports Commission Chief Omar Al-Waeli stated that this str...
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In April 2026, the US dollar maintained its levels against the Iraqi dinar in local markets. Selling prices reached 154,500 IQD per $100, while buying prices stood at 153,500 IQD. Economic analysts a...
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In April 2026, Brent crude prices soared to $126.41 per barrel following reports that the U.S. is considering military strikes against Iran to break the nuclear negotiation deadlock. With WTI crude h...
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The Ministry of Oil announced on Wednesday, April 29, 2026, the opening of Phase I of the Bin Umar Accelerated Gas Investment Project, completed in a record 15 days. Deputy Minister Izzat Sabir noted...
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Pentagon Acting Comptroller Jules Hurst revealed on Wednesday, April 29, 2026, that the war against Iran has cost the U.S. approximately $25 billion so far. In the first official estimate provided to...
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Local markets in Iraq recorded a selling price of 155,250 IQD per $100 and a buying price of 154,250 IQD on Tuesday, April 28, 2026. These rates emerge as traders closely monitor political developmen...
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Senior Iraqi oil officials confirmed on Tuesday, April 28, 2026, that Baghdad has no plans to exit OPEC or OPEC+, emphasizing the need for a strong organization to stabilize global oil prices. This s...
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Iraq's Ministry of Housing announced on May 1, 2026, that the housing deficit has decreased to 2.3 million units following recent census data and government initiatives. Spokesperson Nabil al-Saffar...
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South Korea announced today, April 27, 2026, a significant reduction in its reliance on oil passing through the Strait of Hormuz. Seoul secured 74.62 million barrels for May, including direct imports...
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