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Security

Basra tanker attack marks deepening crisis for Iraq oil sector

Iraq is facing a widening array of security threats and economic consequences from the Iran war.
Iraqi ports director Farhan al-Fartousi (right) conducts an inspection on March 12, 2026, of the site of an Iranian attack on oil tankers the previous night. (Photo credit: General Company for Ports of Iraq)

UK Navy likely gone

On Nov. 22 the British navy will stop training the Iraqi forces that guard 80 percent of oil exports. Their re-authorization is stuck in Iraq’s political quagmire.

Increasing violence hits Iraq’s oil sector

In a summer of discontent, Iraq’s oil sector is a popular target for outlaws of all stripes – from insurgents, to organized smugglers, to petty criminals and vandals.