### [2026-07-17](/feed/2026/07/17/index.md)

##### Economic impact of the 2026 Iran war
# The United States Chamber of Commerce announces that Iraq has signed roughly $60 billion worth of agreements and partnerships to bypass the Strait of Hormuz and accelerate American investment in the Iraqi oil sector. 




### Sources:

1. [AP News](https://apnews.com/article/oil-iraq-pipeline-deal-582b42f21cb62cfe8dc6c8e73d1dcafa)

### Related:

1. [Iraq and Syria sign a memorandum of understanding to rehabilitate the Kirkuk–Baniyas pipeline to bypass to the Strait of Hormuz. ](/feed/2026/07/17/iraq-and-syria-sign-a-memorandum-of-understanding-to-rehabilitate-the-kirkuk-baniyas-pipeline-to-bypass-to-the-strait-of.md) _Context: Economic impact of the 2026 Iran war, Iraq, Strait of Hormuz_
2. [The CEO of Mitsui O.S.K. Lines, world's largest operator of tanker ships, says that it will take weeks to restore normal traffic through the Strait of Hormuz. ](/feed/2026/06/16/the-ceo-of-mitsui-osk-lines-world-s-largest-operator-of-tanker-ships-says-that-it-will-take-weeks-to-restore-normal.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
3. [Oil prices, including crude oil, fall by 5% after U.S. president Donald Trump announced that a deal has been reached to end the war, reopen the Strait of Hormuz and end the U.S. blockade. ](/feed/2026/06/14/oil-prices-including-crude-oil-fall-by-5-after-us-president-donald-trump-announced-that-a-deal-has-been-reached-to.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
4. [A South Korean tanker transports crude oil to the country via the Red Sea for the first time since disruptions to the Strait of Hormuz, as the government implements alternative supply routes to secure energy imports. ](/feed/2026/04/17/a-south-korean-tanker-transports-crude-oil-to-the-country-via-the-red-sea-for-the-first-time-since-disruptions-to-the-st.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
5. [Russian foreign minister Sergey Lavrov states that Russia can supply energy to China and other countries affected by disruptions in shipments through the Strait of Hormuz amid the Iran war. ](/feed/2026/04/15/russian-foreign-minister-sergey-lavrov-states-that-russia-can-supply-energy-to-china-and-other-countries-affected-by-dis.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
6. [The Pakistani energy ministry announces daily power outages of about two hours during evening peak demand periods throughout the country, except in Hyderabad and Karachi, to reduce fuel costs and limit tariff increases amid higher energy prices linked to disruptions in the Strait of Hormuz. ](/feed/2026/04/14/the-pakistani-energy-ministry-announces-daily-power-outages-of-about-two-hours-during-evening-peak-demand-periods-throug.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
7. [The European Bank for Reconstruction and Development announces plans to allocate €5 billion to support economies affected by the Iran war, focusing on financial systems, businesses, and infrastructure in Egypt, Iraq, Jordan, and Lebanon. ](/feed/2026/04/9/the-european-bank-for-reconstruction-and-development-announces-plans-to-allocate-eur5-billion-to-support-economies-affec.md) _Context: Economic impact of the 2026 Iran war, Iraq_
8. [Danish shipping company Maersk says that they will take a "cautious approach" for vessels to cross the Strait of Hormuz despite the ceasefire and says that they have not provided security certainty as to when normal operations would resume. ](/feed/2026/04/8/danish-shipping-company-maersk-says-that-they-will-take-a-cautious-approach-for-vessels-to-cross-the-strait-of-hormuz.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
9. [Danish shipping firm Maersk says that it is suspending all vessel transits through the Strait of Hormuz until further notice due to the ongoing conflict in the Persian Gulf. ](/feed/2026/03/1/danish-shipping-firm-maersk-says-that-it-is-suspending-all-vessel-transits-through-the-strait-of-hormuz-until-further-no.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
10. [Iran, Iraq, Israel, Kuwait, Qatar, and Syria close their respective airspaces to civilian flights as a precautionary measure, while the UAE partially closes its airspace. Later, the UAE indefinitely suspends all flights from the Al Maktoum and Dubai international airports. ](/feed/2026/02/28/iran-iraq-israel-kuwait-qatar-and-syria-close-their-respective-airspaces-to-civilian-flights-as-a-precautionary-mea.md) _Context: Economic impact of the 2026 Iran war, Iraq_