Iraq Financial News

AP quoted US President Joe Biden as saying in a statement on 28 January. It is the first time American military personnel have been killed by hostile fire in the Middle East since the start of the Israel-Hamas war, and the incident will further raise tensions in the region and fuel fears of a broader conflict directly involving Iran. Hamas said the death of the soldiers shows Washington's backing for Israel could put it at odds with the whole Muslim world if the Gaza war continues and that it could lead to a "regional explosion." "While we are still gathering the facts of this attack, we know it was carried out by radical Iran-backed militant groups operating in Syria and Iraq," Biden said in a statement.

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BAGHDAD (Reuters) — An explosive drone struck Khor Mor gas field in the Sulaimaniya region of northern Iraq on Thursday, two sources told Reuters, adding the explosion had caused limited damage but no one had been injured.

Oil prices were little changed in Asian trading on Wednesday as weak demand and a recovery in supply limited the market's reaction to mounting geopolitical risk.

Houthi militant attacks that followed the commencement of the Israel-Hamas conflict have not been stopped despite numerous rounds of retaliatory strikes by the US and its allies as well as a multinational naval operation to patrol the waters. Here are top 10 updates on Houthis-Red Sea attack 1) The United States has carried out airstrikes in Iraq targeting facilities used by "Iranian-backed militias" in the country following repeated attacks on US forces, Defence Secretary Lloyd Austin said in a statement on Tuesday (local time).

Bloomberg reported. In an official statement, the US Central Command on Tuesday said the facilities are also used by other militant outfits.

Iraqi airline Fly Baghdad is denying U.S. allegations that have resulted in it being hit with sanctions from the Treasury Department

Mint explains. Iran launched a missile attack at reported terror camps in Pakistan’s Baluchistan province last week. The target was Jaish al-Adl, which operates in Pakistan and Iran’s Sistan-Baluchistan province.

“axis of resistance" and Israel and America engage in ever more dangerous strikes on each other, including assassinations. Iranian allies in Iraq and Syria have launched about 140 rocket and drone attacks against American troops since the start of the Gaza war. Perhaps the most severe came on January 20th, with a volley of “multiple ballistic missiles and rockets" fired at the Al Asad base in western Iraq, according to America’s Central Command.

Ron DeSantis proved to be a capable campaigner and looked poised to defeat Donald Trump in New Hampshire and beyond, we would be facing a multitude of left-leaning essays on a single theme: «Why DeSantis is actually more dangerous than Trump.» In this world, the only threat to Trump in New Hampshire is Nikki Haley, and her candidacy doesn't look built to last much beyond that primary. But in the spirit of slipping in your controversial opinions while you can, and because she might yet be Trump's running mate, here is my own fear: A Haley presidency could be more dangerous than a second Trump term.

Iraq launched multiple rockets and ballistic missiles on Saturday (local time) targeting Washington's al-Assad Airbase in Western Iraq, said US Central Command. CENTCOM said that several US personnel are undergoing evaluation for «traumatic brain injuries» and at least one Iraqi service member was wounded in the attack. «At approximately 6:30 pm (Baghdad time) time Jan. 20, multiple ballistic missiles and rockets were launched by Iranian-backed militants in Western Iraq targeting al-Assad Airbase.

Iran-backed militants in Western Iraq targeting Al-Assad Airbase on 20 January, Saturday, claims US Central Command. Taking to microblogging site X, US CENTCOM posted, “Most of the missiles were intercepted by the base’s air defense systems while others impacted on the base. Damage assessments are ongoing.

oil market appears to be bracing for a weeks-long disruption to shipping in the southern Red Sea, where Houthi militants have for months been attacking merchant vessels in response to Israel's war in Gaza. Charters of tankers to haul crude and fuels — which for some vessels are arranged up to a month in advance — reveal growing numbers of the vessels are being hired for routes that will avoid the danger zone, according to shipowners, brokers and traders.

Palestinian lives and properties by Israel backed by the US, Iran sprung a surprise by launching missile and drone attacks in its neighbourhood. The Iranian strikes against, what it claimed to be, a «Mossad-affiliated spy base» in Erbil (Iraq) and a «terrorist-affiliated» headquarter in Idlib (Syria) were followed by similar attacks against «terrorists» of Jaish al Adl in Balochistan (Pakistan) on January 16-17.

Iran's strikes this week in Pakistan, Iraq and Syria have brought back into the spotlight its ballistic missile programme, which has ground forward over the past 40 years despite sanctions. On Tuesday, Iran's Islamic Revolutionary Guard Corps hit what it called «a spy headquarters» in Iraq's autonomous Kurdistan region and «terrorist» targets in Syria. Its forces also fired on «an Iranian terrorist group» in Pakistan, which said the attack killed two children and riposted with a strike on Iranian territory that Tehran said claimed nine lives. Iran's missile capabilities are one reason why Western attention remains fixated on this regional power, as the Islamic republic and its proxies step up attacks in the Middle East in solidarity with Gaza's Hamas militants in their war with Israel. — Range and accuracy - The massive Iranian missile armoury covers ranges from short (300 kilometres or 186 miles) to medium (300-1,000 kilometres) and long (up to 2,000 kilometres). A majority are produced or assembled locally thanks to Iran's advanced industries and university sector. «Hardly a year goes by without an Iranian announcement about the development of a new type of ballistic or cruise missiles,» said Eva Koulouriotis, an independent expert. Tehran has gradually advanced into solid-propellant missiles — which are «easier to store and much quicker to bring into action than liquid-fuel ones, so they are much more useful tactically,» said Jeremy Binnie of British private intelligence firm Janes. «The Iranians have taken Scud technology from the 300 kilometres of the missiles they received in the 1980s to 1,600 kilometres or more,» he added, as well as developing «much better guidance systems… enabling them to carry out

US, on Thursday (local time), avoided answering a question regarding whether Pakistan had engaged in prior consultations with Washington before carrying out retaliatory air strikes on Iran. In response to media reports suggesting that Pakistan consulted with the US before conducting the strikes in Iran, State Department Spokesperson Matthew Miller, during a routine press briefing in Washington, stated, “I do not have any private conversations to read out." Also Read: Pakistan-Iran News LIVE Miller said, “The US is concerned about the escalating tensions in the region and has urged restraint on all sides." He stressed there is no need for escalation in the matter and that the country has noted the Pakistani government's comments about the importance of “cooperative relations between Pakistan and its neighbours." In response to a question on how the US administration reads the situation between Iran and Pakistan, Miller said, “We are concerned about escalating tensions in the region.

Israel’s president says normalizing ties between Israel and Saudi Arabia would be a key element of ending the war with Hamas and a game-changer for the entire Middle East

Pakistan’s air force launched retaliatory airstrikes early Thursday in Iran, allegedly targeting militant hideouts, an attack that killed at least nine people and further raised tensions between the neighboring nations.

Pakistan Air Force has conducted airstrikes on Baluch separatist camps inside Iranian territory. Pakistan has recalled its ambassador from Iran and blocked Tehran's envoy from returning to Islamabad after attack on the "anti-Iranian terrorist groups" in Balochistan. While US has condemned the airstrikes that "violated the sovereign borders" of neighbouring country, India launched a veiled attack on Pakistan over terrorism.

Medicine is en route to Gaza after Qatar and France worked out a deal between Israel and Hamas

Davos: Supply cuts by OPEC , costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world's third biggest oil importer, to diversify its crude sources and accelerate its energy transition, its Oil Minister Hardeep Singh Puri said. "Whenever there is vulnerability and uncertainty in the market, the transition gets accelerated.