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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)

Analysis: U.S. second-guesses its Iraq strategy

Strong commercial ties were at the center of the U.S.-Iraq strategic dialogue. Now, with a threat to close its Baghdad embassy, the U.S. is casting doubt on the future of the bilateral relationship.