Brent Crude & Iraq
86 shared events · Importance 7 · Last updated Jul 06, 2026
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International
Brent Crude: Brent Crude prices fell after the OPEC+ agreement and the reopening of the Strait of Hormuz, returning to pre-war levels.
Iraq: Iraq, an OPEC+ member, agreed to increase its oil output by 26,000 bpd in August. It has also expressed a desire for higher production quotas to compensate for war-related shortfalls.
Mar 09, 2018 · 100 articles
International
Brent Crude: Brent Crude is a benchmark for oil prices. Its price staying below $85/bbl is seen as beneficial for India, but a full normalization of the Strait of Hormuz could cause its price to crash.
Iraq: Iraq is an OPEC+ member facing challenges with persistent overproduction and is seeking a higher quota, contributing to the fragmentation within OPEC+.
Jul 06, 2026 · 6 articles
International
Brent Crude: Brent crude prices have risen sharply due to the Iran war and the closure of the Strait of Hormuz, impacting global inflation and economic outlook.
Iraq: Iraq is one of the Persian Gulf producers whose oil supplies have been disrupted by the Strait of Hormuz closure, and it has struck arrangements with Iran to move oil.
May 05, 2026 · 374 articles
International
Brent Crude: Brent Crude prices initially spiked to $126 per barrel but are now lower than before the conflict, reflecting market confidence in manageability but still facing future volatility risks.
Iraq: Iraq is among the Gulf producers resuming production and exports, facing the task of repairing energy infrastructure damaged by Iranian attacks.
Apr 20, 2026 · 22 articles
International
Brent Crude: Brent Crude futures prices rose due to concerns over restricted energy flows through the Strait of Hormuz, indicating market volatility.
Iraq: Iraq is a Gulf producer whose oil supply is connected to global markets via the Strait of Hormuz, making it indirectly affected by the restrictions.
Apr 08, 2026 · 19 articles
International
Brent Crude: Brent Crude prices have fallen significantly, reaching pre-war levels, due to the easing of supply concerns as the Strait of Hormuz reopens and Middle Eastern oil supply increases.
Iraq: Iraq has been drawn into the Middle East war and is expected to participate in discussions regarding the future management of the Strait of Hormuz.
Apr 20, 2026 · 390 articles
International
Brent Crude: Brent Crude futures experienced significant fluctuations, falling sharply on news of the ceasefire and reopening of the Strait of Hormuz, reflecting market expectations of increased oil supply and stabilized prices.
Iraq: Iraq is a major Gulf producer whose oil exports transit through the Strait of Hormuz. The reopening of the strait is crucial for its energy exports and global market stability.
Apr 20, 2026 · 302 articles
International
Brent Crude: Brent Crude prices rose to $109, a 50% increase since the war began, due to Iran's control over the Strait of Hormuz and its attacks on regional energy infrastructure, significantly impacting global energy markets.
Iraq: Iraq is the location where an American journalist was kidnapped, with the incident being blamed on an Iranian-backed militia, indicating the spillover effects of the conflict into neighboring countries.
Mar 29, 2026 · 65 articles
International
Brent Crude: Brent Crude prices hit $83.07 per barrel due to the Middle East crisis, reflecting the instability in global energy markets.
Iraq: Iraq's Rumaila oil field was among those struck in the Middle East, contributing to the disruption of global oil supplies.
Mar 06, 2026 · 6 articles
International
Brent Crude: Brent Crude prices have fluctuated significantly due to the Strait of Hormuz disruption and the ongoing US-Iran tensions, reflecting market sensitivity to the conflict.
Iraq: Iraq is mentioned as the location where Iranian Foreign Minister Abbas Araghchi reiterated Iran's stance on the Strait of Hormuz and the ceasefire.
Jan 07, 2026 · 501 articles
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