British report details al-Zaidi’s “impossible mission”

British report details al-Zaidis impossible missionThe rise of Ali al-Zaidi to the premiership in Iraq reflects more than just a routine transfer of power; it represents a profound shift in the political landscape. However, his success depends not only on his reform agenda, but also, according to the London-based Middle East Online website, on whether the fragmented political forces and their external supporters are willing to accept the new balance of power.

Under the headline “Al-Zaidi faces an impossible balancing act as Iraq’s power structure shifts,” Middle East Online reported in English, as translated by Shafaq News Agency, that the old balance between Iranian-backed factions, traditional Shiite alliances, and American influence appears to be constantly unstable, noting that Al-Zaidi is entering office without the strong political support that previous prime ministers usually enjoyed from factions linked to Iran.

According to the report, the session to grant confidence to al-Zidi revealed wide cracks within the coordinating framework that represents the Shiite parties that have dominated politics in recent years, pointing to disputes over ministerial portfolios, political influence and the collapse of aspects of existing understandings. It added that this turmoil revealed something deeper than the struggle over government seats, and highlighted the weakness of the unified Shiite consensus that traditionally shaped the formation of the government in Iraq after 2003.

The report continued that instead of the strong political support that previous prime ministers usually enjoyed from forces linked to Iran, al-Zaidi inherits a divided political environment that raises doubts about old formulas for power-sharing and challenges the dominance of entrenched political elites.

However, the report noted that the cracks within the Shiite political establishment are accompanied by broader regional shifts resulting from the American-Israeli war against Iran, adding that although Tehran’s influence within Iraq remains significant, many analysts believe that the conflict has weakened Iran’s regional influence and reduced the room for maneuver available to its Iraqi allies.

After the report noted Washington’s objection to Nouri al-Maliki’s nomination and the direct American pressure, then the Coordination Framework’s abandonment of his nomination, and the proposal of al-Zidi, who has no previous political experience, the report said that his personal profile helped him to appear as an acceptable compromise solution, as he does not have a long history of militia affiliations or ideological bias towards Tehran, and his background in finance and business allows him to present himself as a technocratic reformer who focuses on economic recovery rather than factional politics.

However, the report considered that al-Zaydi’s “relative neutrality” could also be his “weak point,” since without a strong faction behind him, there is a risk that he will become vulnerable to pressure from competing blocs, armed forces, and external actors vying for influence over the state.

Although the report referred to the “ambitious reform program” put forward by al-Zaydi, it said that translating these promises into reality would be difficult in a country where political paralysis, corruption networks, and militia influence remain deeply entrenched.

According to the report, the most sensitive issue facing the new government is likely to be the issue of weapons outside state control. It noted that al-Zaidi pledged to strengthen the state’s monopoly on weapons and reform the security apparatus, echoing the growing American demands to curb the influence of Iranian-backed armed groups, which are accused of launching hundreds of attacks on American facilities in Iraq and the region, to which Washington responded with strikes against armed groups, exacerbating tensions within Iraq.

The report continued that this issue revealed deep divisions among political forces, as while some factions indicated their willingness to accept the idea of ​​integrating fighters into official state structures, other factions rejected any discussion about disarmament in light of what they describe as American coercion.

In addition, the report addressed the increasing pressures facing Iraq, including due to the disruptions in the Strait of Hormuz, which are affecting the state budget.

The report noted that, according to analysts, al-Zaydi may seek to weaken militia networks through economic measures, including restricting state-funded salaries for thousands of fighters, but any such move would raise significant political and security risks.

On the regional level, the report says that al-Zaidi’s government must work to repair strained relations with the Gulf states, which are angry about attacks carried out by Iranian-linked factions during the war.

Middle East Online concluded that al-Zaidi’s repeated emphasis on building a “balanced country, regionally and internationally” reflects the difficult balancing act currently facing Baghdad, adding that Iraq remains caught between two competing powers, Iran and the United States, while its internal political system is becoming increasingly divided. It added that the old post-2003 political system, based on relatively stable alliances and strong factional discipline, appears to be weakening under the weight of regional conflict, economic crisis, and internal division.

The report concluded by saying that al-Zaydi currently represents a consensus candidate trying to navigate a dangerous transitional phase, but his success may depend not only on his reform agenda, but also on whether the fragmented Iraqi political forces, and their supporters abroad, are willing to accept the new balance of power.

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Central Bank of Iraq: Trade surplus in 2025 reached $24 billion

Central Bank of Iraq: Trade surplus in 2025 reached $24 billion

Central Bank of Iraq - Trade surplus in 2025 reached 24 billionData released by the Central Bank of Iraq on Monday showed that Iraq achieved a trade surplus of approximately $24.686 billion during 2025, driven by a higher value of exports compared to imports.

According to foreign trade data calculated on an FOB basis, which was reviewed by Shafaq News Agency, total Iraqi exports during the year amounted to approximately $90.427.7 billion, compared to imports of $65.741.7 billion.

She added that exports were distributed as follows: $24.112.3 billion in the first quarter, $23.285.6 billion in the second quarter, $21.414.3 billion in the third quarter, before rising slightly to $21.615.5 billion in the fourth quarter.

In contrast, imports totaled $18.158.6 billion in the first quarter, $15.993.1 billion in the second quarter, and $16.102.0 billion in the third quarter, before declining to $15.488.0 billion in the fourth quarter, according to the data.

The data indicated that Iraqi exports exceeded imports in all quarters of the year, which reinforced the continued recording of a trade surplus.

The data was based on Free On Board, a system that calculates the value of goods when loaded onto the means of transport in the exporting country, without including shipping and insurance costs.

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The National reports on the formation of the Iraqi government.

The National reports on the formation of the Iraqi government.

The National reports on the formation of the Iraqi governmentThe Iraqi parliament is scheduled to vote on Thursday on the cabinet lineup presented by Prime Minister-designate Ali al-Zaidi, according to a report published Wednesday in the British newspaper The National. The report, translated by Al-Maalomah News Agency, stated that al-Zaidi was nominated by the largest parliamentary bloc, the Coordination Framework bloc, as a consensus candidate for the position last April. His business empire spans from supplying the Iraqi government’s food basket program, which serves millions of citizens, to investments in banking, construction, real estate, tourism, agriculture, food, glass, education, medical services, and energy.

The report added that the 41-year-old has no political background; instead, his public image is built on business ventures that have flourished thanks to lucrative deals with the government. The report continued, “The vote is a crucial step in the government formation process. An absolute majority is required to approve the government, which the prime minister-designate must present within 30 days of his nomination. Al-Zaidi has sought to garner support from various factions within the country.”

The report added, “No details of the proposed cabinet have been released, but Iraqi politicians told the newspaper that al-Zaidi is expected to present approximately half of his cabinet to parliament.”

The Iraqi economy is under severe strain following the closure of the Strait of Hormuz. This closure has reduced Iraq’s oil exports—the lifeblood of its economy—from 3.5 million barrels per day to around 300,000 barrels per day, further straining an already fragile system. Al-Zaidi also faces the challenge of addressing rampant corruption while rebuilding relations with neighboring Gulf states.

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The Patriotic Union of Kurdistan: The candidates for Kurdish ministries in the Zaidi government have been finalized.

The Patriotic Union of Kurdistan: The candidates for Kurdish ministries in the Zaidi government have been finalized.

The Patriotic Union of Kurdistan - The candidates for Kurdish ministries in the Zaidi government have been finalizedBurhan Sheikh Raouf, a member of the Patriotic Union of Kurdistan, revealed today, Wednesday, that “the nomination of candidates from the Kurdish forces to fill four ministerial portfolios within the cabinet of Prime Minister-designate Ali al-Zaidi has been completed, in preparation for presenting them to Parliament during the anticipated confidence vote session.”

Sheikh Raouf told Al-Maalouma that “disagreements still exist among some of the forces within the Coordination Framework and the Sunni forces regarding the selection of their candidates for ministerial positions,” noting that “there is a positive atmosphere after Al-Zidi’s visit to Erbil and Sulaymaniyah and his meeting with the leaders of the two main Kurdish parties.”

He pointed out that “the visit laid a new foundation for resolving the outstanding disputes between the central government and the region that have persisted for years.”

Sheikh Raouf added that “the Kurdish forces support the formation of a ‘strong government’ capable of meeting the aspirations of the national forces, while emphasizing adherence to the constitution to resolve disputes between Baghdad and the region.”

The House of Representatives has allocated a single item on its agenda for tomorrow’s session, Thursday, which includes voting on the ministerial program and the government of Prime Minister-designate Ali al-Zidi.

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Al-Zaydi and the dollar: Expectations of a breakthrough in the exchange market

Al-Zaydi and the dollar: Expectations of a breakthrough in the exchange market

Al-Zaydi and the dollar - Expectations of a breakthrough in the exchange marketAn economic expert predicted on Wednesday that the formation of the new Iraqi government would contribute to lowering the dollar exchange rate against the dinar in local markets, noting that there was an expected “American support” that would positively affect the financial market.

Sulaymaniyah currency market spokesman Jabbar Goran told Shafaq News Agency that the resumption of government projects after the formation of the government will lead to an increase in spending in Iraqi dinars and a full return of the ministries’ activity, which will boost demand for the local currency and support the stability of the exchange rate.

He added that the United States renewed its support for the formation of the government of Prime Minister-designate Ali al-Zaidi, considering that this support gives a “positive signal” to the financial markets, provided that no new tensions or wars occur in the region.

He explained that there was confusion surrounding the news regarding the “stopping of dollar transfers” from the United States to Iraq, indicating that Baghdad had requested the transfer of part of the surplus oil revenues deposited in JPMorgan Chase Bank and subject to the supervision of the US Treasury Department.

He pointed out that Iraq does not need all of its oil revenues immediately, so part of them is kept in the United States, noting that Washington informed Baghdad that it would postpone the transfer of additional funds until after the formation of the new government.

Goran predicted that the exchange rate of 100 dollars would fall to less than 150,000 dinars in the coming period, if regional conditions stabilize and there is no security or military escalation.

He stressed that the natural difference between the official price of 132,000 dinars per 100 dollars and the market price should remain within the limits of 12,000 to 13,000 dinars only.

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A Chinese tanker carrying two million barrels of Iraqi oil is attempting to cross the Strait of Hormuz.

A Chinese tanker carrying two million barrels of Iraqi oil is attempting to cross the Strait of Hormuz.

A Chinese tanker carrying two million barrels of Iraqi oil is attempting to cross the Strait of HormuzShip tracking data showed on Wednesday that a giant Chinese oil tanker carrying about two million barrels of Iraqi crude was attempting to cross the Strait of Hormuz, a move that reflects the continued flow of Iraqi oil exports despite escalating security tensions in the region.

According to data from ship tracking company LSEG and the Kpler platform, the giant oil tanker “Yuan Hua Hu” passed Iran’s Larak Island and headed south through the strait, after being stuck in the Gulf since the beginning of March.

The tanker had loaded its cargo of Basra Medium crude from the port of Basra and is currently heading towards Asian markets. It is owned and managed by a unit of the Chinese company COSCO Shipping Energy Transportation, while the shipment was licensed by Unipec, the trading arm of Sinopec.

This attempt marks the third known passage of a Chinese oil tanker through the Strait of Hormuz since military tensions escalated between the United States and Israel on one side and Iran on the other on February 28, according to available tracking data.

Reports also indicated that Iran has strengthened its influence in the Strait in recent days through understandings related to oil and gas shipments with Iraq and Pakistan, amid global concerns about any disruption that could threaten the movement of energy supplies through the vital waterway.

This comes as Bloomberg reported on Tuesday that US forces imposing a naval blockade on Iran prevented a Greek ship carrying about two million barrels of Iraqi oil from continuing its journey to Vietnam for “unknown” reasons, while the Vietnamese government appealed to the United States to allow the oil shipment to proceed.

According to Bloomberg, the giant oil tanker Agios Phanourios 1, operated by Athens-based Eastern Mediterranean Maritime, made a sudden turn at sea on Monday near the point where the US blockade begins.

The tanker had passed through the Strait of Hormuz carrying 1.99 million barrels of Iraqi Basra Medium crude when it turned back, according to ship tracking data and documents seen by Bloomberg.

PetroVietnam Oil, the trading arm of the state-owned energy company, confirmed to U.S. Naval Forces Central Command that the cargo aboard the Agios Phanourios 1 belongs to them and was loaded in Iraq, according to a letter seen by Bloomberg. The tanker still indicates its destination as Nghi Son, home to one of the refineries in the Asian nation.

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Iraq ranked fourth in well drilling activity within OPEC during 2025

Iraq ranked fourth in well drilling activity within OPEC during 2025

Iraq ranked fourth in well drilling activity within OPEC during 2025Iraq ranked fourth among OPEC countries in well drilling completion activity during 2025, an indicator that reflects continued field activity in the oil sector, despite the difference with the leading countries.

Kuwait topped the list with 755 wells, followed by the United Arab Emirates with 444 wells, then Saudi Arabia with 383 wells, while Iraq came in fourth with 280 wells among the most active countries in drilling operations within the organization.

OPEC data also showed an improvement in global demand for oil derivatives related to the transportation sector during 2025, as demand for diesel rose by 0.39%, gasoline by 0.34%, and kerosene (jet fuel) by 0.29%, compared to a decline in the remaining fuel by 0.19%, reflecting the recovery of land and air transport and the expansion of global trade and tourism activity.

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State of law: Oil and financial disputes may be postponed until after the vote on the cabinet.

State of law: Oil and financial disputes may be postponed until after the vote on the cabinet.

State of law - Oil and financial disputes may be postponed until after the vote on the cabinetImran Karkoush, a member of the State of Law Coalition, revealed on Tuesday the existence of deep disagreements among political blocs regarding the distribution of ministerial portfolios in the upcoming government. He also suggested that the decision on two sovereign ministries would likely be postponed until after the vote of confidence.

Karkoush told Al-Maalouma, “Political discussions are witnessing significant disagreements regarding some portfolios, specifically the Ministries of Oil and Finance, around which most of the current disputes are concentrated.”
He added, “The intensity of the disagreements may push the political blocs to postpone the decision on these two ministries until a later stage, after the vote on the government formation.” He indicated that “the cabinet is expected to be presented for a vote in the House of Representatives within the next few days.”

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MP: Parliament intends to decide on committee chairmanships after the vote on the cabinet

MP: Parliament intends to decide on committee chairmanships after the vote on the cabinet

MP - Parliament intends to decide on committee chairmanships after the vote on the cabinetMember of Parliament Mukhtar al-Moussawi confirmed on Tuesday that Parliament will begin appointing the heads and deputies of parliamentary committees immediately after the vote on the cabinet, stressing the need to activate the oversight role without favoritism. Al-Moussawi told the Information Agency that “the committee heads are the essential element for strengthening parliamentary work, and the process of selecting each committee head and their deputies will be conducted through internal voting and under the direct supervision of the Parliament’s leadership.”

He added that “parliamentary committees are the actual driving force behind legislative and oversight work, therefore their performance must be free from any favoritism towards any executive body,” explaining that “the current session aims to truly activate the mechanisms of summoning and questioning ministers.”

He pointed out that “Parliament is striving to overcome the obstacles that hindered the oversight role during the previous parliamentary session, to ensure institutional performance that serves the public interest.”

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Warnings against “ministers of failure”… Adai calls on Al-Zidi to confront the pressures of the blocs and appoint competent individuals to ministerial positions.

Warnings against “ministers of failure”… Adai calls on Al-Zidi to confront the pressures of the blocs and appoint competent individuals to ministerial positions.

Warnings against ministers of failure... Adai calls on Al-Zidi to confront the pressures of the blocs and appoint competent individuals to ministerial positionsMP Riyadh Adai warned the prime minister-designate on Tuesday against succumbing to pressure from certain political forces seeking to impose “incompetent” figures in the upcoming cabinet. He stressed the necessity of selecting professional ministers, free from the abhorrent quota system.

Adai told Al-Maalouma, “The current stage requires selecting a cabinet of competent and experienced individuals, completely avoiding figures who have previously proven their failure in managing the state’s key institutions.” He explained that “appointing ministers who do not rise to the level of responsibility will lead to a weak government that fails to meet the people’s aspirations.”
He added, “There is pressure being exerted by some political entities on the prime minister-designate to approve specific names lacking qualifications,” warning that “accepting this pressure will reproduce failure, and the prime minister-designate must bear full responsibility for choosing the most suitable individuals to lead the ministries.”

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