Iraq close to a deal?
The outlook for the energy sector is bright, but the post-elections political prospects remain cloudy
Two narratives dominate speculation in the aftermath of the parliamentary elections in May, and one should be cautious in giving them credibility, because there'll be much political 'horse trading' in the coming months. The first narrative claims that the Sadrist populist movement, with strong support among Iraq's poorest Shia communities, won the election. This is misleading. The Sadrists, led by the unpredictable cleric, Moqtada al-Sadr, performed better than expected. His Sairoon bloc won 54 out of 329 seats, but its political clout is limited. For example, despite boycotting a parliamentary vote on an election recount, deputies voted it through. How much influence the Sadrists will have
Also in this section
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
