Oil & Shipping Shock: Iraq says crude exports have fallen from about 3.4 million bpd to roughly 1.5–1.7 million bpd after the Strait of Hormuz closure, while production sits near 2.7 million bpd; Baghdad is pushing alternative routes like Aqaba and the Basra–Fishkhabur pipeline and is in talks with Iran for transit arrangements. Anti-Corruption Push: Iraq ordered fresh investigations into Iraqi Airways finances after alleged irregularities, including a review of partnership contracts and employee incentives; meanwhile, authorities arrested former Salahaddin governor Ahmed al-Jubouri (Abu Mazen) and detained businessman Mohammed al-Hajaf over corruption and misuse of public funds. Regional Security & Militias: Badr chief Hadi al-Amiri urged PMF commanders to keep high readiness; Islamic Resistance factions postponed retaliation against US-Saudi strikes, citing appeals from Shiite leaders, as Iraq tightens security amid warnings of coordinated attacks. Kurdistan & Services: Masrour Barzani said Kurdistan wants to stay out of the Iran war and denied any ties with Israel; Erbil also reported talks with SpaceX to launch Starlink and said 100,000 Arbaeen pilgrims moved through Haji Omaran border crossing. Water & Food Stress: Iraq’s crop output fell in 2025 due to water shortages, and fish deaths are being flagged as a growing pollution-and-water crisis.