Iraqi Foreign Minister says any alternative to US-Iran deal would be disastrous, and they may not be able to export their oil if war breaks out in the region

The remarks from the Iraqi Foreign Minister highlight the heightened geopolitical risks in the region, emphasizing that alternatives to a US-Iran deal could lead to disastrous consequences, particularly for oil exports.

Newsquawk StaffPublished 19 Feb 2026, 00:47 UTCOn the live feed at 00:27 UTC — 6 more headlines followed before this page went public

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Australian Full Time Employment Chg (Jan) 50.5K (Prev. 54.8K)

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Iraqi Foreign Minister says any alternative to US-Iran deal would be disastrous, and they may not be able to export their oil if war breaks out in the region

00:23

US President Trump is scheduled to deliver remarks on the economy at 16:00EST/21:00GMT on Thursday.

00:16

US-ASEAN Business Council says US and Indonesian companies signed trade and investment deals covering critical minerals, semiconductors, agriculture and forestry, while deals include a USD 4.89bln semiconductor joint venture involving Essence Global Group

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Context

Should tensions escalate into conflict, we could see significant disruptions in global oil supply, which would likely drive up prices and support WTI. Traders should remain cautious and monitor regional developments closely, as the potential for volatility in commodity markets increases.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/27 Aug · 17:46

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

Brent crude, after we published+1.4%

Brent (X6) futures rose shortly after the headline, in turn weighing on the bond complex.

ENERGY/25 Aug · 19:26

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

−2.4%Brent crude

ENERGY/2 Sep · 11:13

Saudi Foreign Ministry says it has urged all parties to remain calm, halt escalations and respect international law and return to negotiations

−0.6%WTI crude

ENERGY/31 Aug · 14:29

US Treasury Secretary Bessent says oil prices will come down, CNBC Interview; says Trump has been saying Iran is not ready to make a deal

−0.6%Brent prices

ENERGY/25 Aug · 09:36

US is reportedly mulling returning diplomats to Middle Eastern embassies as soon as this week, NYT reports; "suggesting that the Trump administration does not anticipate a return to all-out hostilities"

−0.5%Brent crude

ENERGY/25 Aug · 08:24

Pakistani Army Chief Munir conveyed an offer to Iran, from the US, to halt the siege and lift sanctions under the MOU, in exchange for opening the Strait of Hormuz and stopping proxy attacks, Al Arabiya/Al Hadath sources report

−0.5%Brent crude

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