Iraq

Instability: 90/100 · Status: war

- At least 12 Indian seafarers were injured in attacks on commercial vessels in strategic waterways over two days; a tanker attack off Qatar raised concerns about a wider Gulf conflict, following multiple recent attacks. - Iraq devalued its currency by up to 14.5% due to disruptions affecting oil exports through the Strait of Hormuz. - OPEC+ delayed reviewing 2027 oil output quotas and kept November production targets steady amid market uncertainty. - Iraqi forces face challenges in controlling Iran-aligned militias following U.S. troop withdrawal, raising security concerns.

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