Iraq Elects Nizar Amidi President
Analysis based on 8 articles · First reported Apr 11, 2026 · Last updated Apr 12, 2026
The election of Nizar Amidi as president of Iraq brings some political stability, which could positively impact investor confidence in the region. However, the ongoing conflict involving Iran, the United States, and Israel, coupled with Iran's closure of the Strait of Hormuz, continues to disrupt Iraq's oil exports, posing a significant risk to its economy and global energy markets.
Iraq's parliament has elected Nizar Amidi, a political official from the Iraq — Patriotic Union of Kurdistan, as the new president. This election comes five months after a parliamentary election that failed to produce a decisive majority and more than two months past the constitutional deadline. The political development unfolds as Iraq is caught in the middle of a conflict between the United States and Israel against Iran, which has led to Iran-backed militias attacking United States bases and critical energy infrastructure in Iraq. The conflict and Iran's closure of the Strait of Hormuz have severely impacted Iraq's oil exports, a crucial component of its economy. The new president will now have 15 days to task the nominee of the largest parliamentary bloc, the Shiite Coordination Framework, with forming a government and assuming the position of prime minister. The bloc has nominated former Iraqi Prime Minister Nouri al-Maliki, a decision that faces opposition from the United States.
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