As a sanctions deadline looms, Basra Oil Company is poised to manage the 480,000 bpd field while Lukoil continues negotiating to sell its stake.
Iran protests bring new volatility to Iraq’s politics and markets
Rising threats to Iran's regime have the potential to weaken Tehran's influence in Baghdad and disrupt cross-border trade and currency dynamics.
A demonstration in Tehran on Jan. 12, 2026. (MASOUD SHAHRESTANI/Wikimedia Commons)