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Energy

Iran reversal on Strait of Hormuz threatens Iraq’s nascent export restart

Iranian forces blocked a tanker carrying Iraqi crude, dampening hopes for a durable resumption of Iraq's southern exports.
The Agios Fanourios I tanker prepares to dock at a single point mooring buoy in the Basra Gulf in April 2026 for the first loading of crude from Iraq's southern export outlets in more than a month. (Photo credit: Ministry of Transportation)

Third attack hits Khor Mor gas field

The gas field providing feedstock for most of Kurdistan’s electricity has come under rocket or mortar fire three times in four days.

Khor Mor gas field attacked again

For the second time in three days, Kurdistan's lynchpin gas field came under attack, during a time of rising political tension in Baghdad.

Q&A: Finance Minister Ali Allawi

Allawi discusses ending Kurdistan budget transfers, new expenditures under a stop-gap spending law, power payments to Iran, and implementing a Chinese financing deal.