A new deal for oil and budget cooperation between Baghdad and Erbil faces significant challenges to implementation, including crippling attacks on Kurdistan's oil sector.
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)
