Iraq & United States — United States Department of Labor

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.

United States — United States Department of Labor: The United States — United States Department of Labor>>> reported a surge in the producer price index and consumer price index, reflecting the inflationary pressures driven by energy costs.

Iraq: Iraq>>> has been involved in oil export deals with Iran>>> and has seen drone attacks on Saudi Arabia>>> reportedly originating from its territory.

United States — United States Department of Labor: The United States — United States Department of Labor reported accelerating US consumer inflation in April, with rising food prices, rental costs, and airfares, indicating economic strain on Americans.

Iraq: Iraq's Umm Qasr port was the site of an attack on an Oman Shipping Company vessel, indicating the spillover of the conflict into its territory. This highlights the broader regional instability affecting its infrastructure and trade.

United States — United States Department of Labor: The United States — United States Department of Labor reported accelerating US consumer inflation in April, with rising food prices, rental costs, and airfares, indicating economic strain on Americans.

United States — United States Department of Labor: The United States — United States Department of Labor issued guidelines for 401(k) retirement plans, which positively impacted the financial sector.