Iraq

Iraq’s new prime minister has formed a government in the hope of uniting the country’s factions, but challenges in combating corruption, powerful militias, and foreign influence loom.

Iraq faces an uphill battle in meeting its obligations to the historic production cut agreement reached by the Organization of Petroleum Exporting Countries (OPEC) and other major producers such as Russia. The production cuts are due to begin today. Not only is Baghdad mired in deep economic and political crises that show little signs of abating but Iraq’s complex service agreements with international oil companies (IOCs) operating its southern fields means that the Gulf producer would actually have to pay more money to the foreign firms working in its oil sector in excess of existing service fees if it demands the IOCs rein in output to help Iraq meet its targeted quotas. The supplemental fees, which could be millions of dollars, are stipulated in the oil field service contracts that Iraq holds with foreign oil companies that have been assisting with its oil production capacity expansion program over the last several years. The payments structure for Iraq’s service contracts means that output cuts put an added financial strain on the ability of OPEC’s second largest oil producer to comply fully with its pledged one million b/d plus output reductions in the coming months.  

This year, an armed confrontation between Iran and the United States or one of its allies over Iran's involvement in regional conflicts and support of militant proxy groups was included as a top tier priority in the Center for Preventive Action’s annual Preventive Priorities Survey.

Qassem Suleimani and Tehran have won the battle for Baghdad. U.S. policymakers should understand that—and leave.

My grandmother had a saying: “Think before you speak.” The saying, said to me and my brothers as children, was intended to help us avoid mindlessly blurting out something we would later regret. I can…

The Trump administration’s killing of an Iranian military commander in Iraq raises questions about its legality under domestic and international law.

The killing in Baghdad of Iranian Quds Force commander Qasem Soleimani escalates an already tense contest in Iraq between U.S. and Iran-backed forces, makes the battle against the Islamic State more difficult, and is likely to feed further regional upheaval.

I have a rule of thumb on the oil price cycle: When commentators start using the word “never” we are typically at the brink of a cycle shift. For a while now, oil prices have been stuck in a range. T…

Iraq’s struggling economy and government corruption sparked the protests, in which hundreds have died. The governing elite appears shaky, and the stability of the country is at stake.

Al-Qaeda could benefit from the death of the Islamic State’s leader, potentially regaining its worldwide reach and influence.

Test your knowledge of Iraq, including its oil wealth and the 2003 U.S. invasion.