Iraq's Foreign Minister reported the nation lost approximately sixty billion dollars amid Middle East hostilities, as Iran's control over the Strait of Hormuz severely constrained oil shipments, slashing exports from 3.5 million barrels daily to 2.6 million.
Iraq's Foreign Minister warned the U.S. that regional escalation and potential Strait of Hormuz closure could severely damage Iraq's oil-dependent economy, discussing war consequences and sanctions on Iran.
Iranian Foreign Minister Araghchi conducted intensive diplomatic talks with regional and international counterparts following the Iran-US peace agreement announcement, emphasizing Washington's responsibility for implementation while securing international support from Turkey, Saudi Arabia, Japan, and others for the accord.
Iraq's parliament approved Prime Minister Ali al-Zaidi's government program and confirmed 14 of 23 cabinet ministers Thursday, though three ministerial nominees failed approval and voting on others was postponed, reflecting ongoing political deadlock over power-sharing arrangements and Iran's influence.
Iran exempted Iraq and allied nations from Strait of Hormuz restrictions while maintaining blockades against US and Israeli-linked vessels, allowing selective oil transit amid ongoing regional conflict.
Tom Barak meets with Iraqi Foreign Minister Fuad Hussein to discuss regional challenges.
Iraqi Foreign Minister Fuad Hussein visited Damascus to strengthen bilateral relations with Syria, discussing security cooperation against ISIS, border coordination, trade expansion, and regional stability following improved ties and the June 2025 reopening of the al-Qaim border crossing.
Iran's Foreign Minister Araghchi stated the US bears responsibility for implementing a Pakistan-mediated peace deal with Iran that halts regional conflicts, including Lebanon, yet Israel defied the agreement by continuing airstrikes and refusing to withdraw occupied territories.
Iraq elects Kurdish politician Nizar Amidi as president amid war fallout.
Iraqi Prime Minister Ali al-Zaidi and French President Emmanuel Macron signed six bilateral agreements covering defense, energy, and aviation, with Total investing $12 billion in Iraqi oil projects, as Baghdad seeks European partnerships ahead of foreign troop withdrawal deadlines.
Iran's foreign minister warned that external interference will delay reopening the Strait of Hormuz, emphasizing Iran's unilateral maritime management during Baghdad visit discussing bilateral ties and regional security frameworks with Iraq.
Iraq's 40-year-old Ali al-Zaidi became the country's youngest prime minister, sworn in May 14 with only 14 of 23 cabinet positions filled. His academic background and lack of political experience positioned him as an acceptable choice amid deep polarization, while facing economic reforms and balancing U.S.-Iran tensions.
Iraq's parliament elects Kurdish politician Nizar Amidi as president.