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Ali al-Shatari: Kirkuk Oil Exports Rise to 7 Million Barrels per Month

Iraq is recording a notable increase in oil production from its southern fields alongside a significant rise in exports from Kirkuk, reflecting broader efforts to strengthen production and export capacity.

Meeting between General Qais al-Muhammadawi, Deputy Commander of Iraq's Joint Operations Command, and General Michel Delpit, Commander of the French Special Operations Command

Iraq and France Strengthen Joint Intelligence Cooperation

Baghdad and Paris are intensifying efforts to develop military and intelligence capabilities as Iraq prepares for the post-International Coalition phase.

20/06/2026
An oil field in Kurdistan Region. Photo: Ahmed al-Rubaye / AFP

Iraq Begins Drilling New Oil Wells in Territories Covered by Article 140

An oil expert told Channel8 that Iraq has begun drilling new oil wells within territories covered by Article 140 of the Constitution.

20/06/2026
Iraqi Ministry of Oil.

Iraq Moves to Restore Oil Output as Strait of Hormuz Situation Stabilises

The Iraqi Ministry of Oil has launched a broad campaign to restore crude oil production and export levels following what it described as the normalisation of conditions in the Strait of Hormuz, instructing major southern oil fields to operate at maximum capacity.

20/06/2026
A Channel8 graphic displays Iraqi dinar banknotes set against the Iraqi flag.

Iraq Signals Cooperation With FATF as U.S. Backs Banking Reform Efforts

The Iraqi government has expressed its readiness to deepen cooperation with the Financial Action Task Force (FATF), as the United States reaffirmed its support for Baghdad’s efforts to reform its banking system and address deficiencies in financial oversight.

20/06/2026
The Freedom Monument (Nasb al-Hurriyah) located in Tahrir Square in Baghdad, Iraq.

Iraq Says Stability and Rule of Law Are Vital for Reform and Investment

The Iraqi government has emphasized that enforcing the rule of law and maintaining national stability are essential prerequisites for institutional reform and attracting foreign investment, underscoring the importance of state authority and anti-corruption measures in the country's reform agenda.

20/06/2026
An illustrative graphic featuring the official logo of the ASYCUDA digitized customs system positioned above the flags of the Kurdistan Region and the Republic of Iraq.

Dollar Gap Persists Despite Official Rate as Iraq Awaits Customs Reforms and Washington Talks

Despite the Central Bank of Iraq maintaining the official exchange rate of the Iraqi dinar, a significant gap between the official and market rates of the U.S. dollar continues to raise concerns among traders, businesses, and citizens

20/06/2026