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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)

Tensions rise over Khurmala

With rival armed forces massed near strategically important oil assets, federal and KRG negotiators are at an impasse.

IS insurgency exploits Baghdad-KRG conflict

Thousands of federal and Kurdish soldiers are pointing their weapons at each other, leaving volatile territory inadequately guarded and vulnerable to an emboldened IS insurgency.