Iraq

Iraq (IQ)CRITICAL

Middle East · pop. 45,500,000 · GDP 264,182 M USD

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Why this score? · top 3 of 20 events driving the 30-day risk

Major industries

petroleum

Major exports

crude-oil

30d events

20
events occurred · risk score 100/100

AI Brief

Current status

Iraq faces severe supply chain disruption risks with 85 critical and high-severity events recorded over the past 30 days, including chemical weapons attacks and conventional military operations in Baghdad. The security deterioration represents a sharp escalation from Iraq's already fragile baseline, with governance indicators ranking among the world's lowest. Military actions and terror plot allegations involving Iranian-backed groups signal widening regional conflict spillover into Iraq's core oil infrastructure zones.

Supply chain impact

  • Oil and energy supply chains face immediate disruption risks as military operations target Baghdad and surrounding areas where key petroleum infrastructure and government facilities are concentrated.
  • Asian refineries dependent on Iraqi crude exports, particularly in China, India, and South Korea, should prepare for potential supply interruptions given the proximity of conflicts to major oil production regions.
  • Transportation routes through Iraq connecting Turkey and the broader Middle East face elevated security risks, affecting overland cargo movements and cross-border logistics operations.
  • International companies with operations in Baghdad or southern Iraq oil fields may need to implement emergency evacuation procedures given the use of chemical weapons and sustained military activity.
  • Regional aviation and shipping insurance premiums are likely increasing for Iraq-related cargo, raising logistics costs for all sectors beyond petroleum.

Watch points

  • Monitor daily oil production reports from Iraq's Oil Ministry and any announcements of force majeure declarations from major oil companies operating in southern Iraq fields.
  • Track expansion of military operations beyond Baghdad toward Basra province, which would directly threaten Iraq's primary oil export terminals and loading facilities.
  • Watch for formal travel advisories or evacuation orders from major economies' embassies in Baghdad, which typically precede broader supply chain partner withdrawals.

Risk by layer

Economic & political
58 eventsCRITICAL

90d risk trend

2026-03-052026-06-02

Structural risk profile

Corruption Perceptions (CPI)
26/100
rank #140
ti-cpi-2024
Voice & Accountability
31/100
rank #22
wb-wgi-2022
Political stability
1/100
rank #2
wb-wgi-2022
Government effectiveness
24/100
rank #9
wb-wgi-2022
Regulatory quality
26/100
rank #12
wb-wgi-2022
Rule of law
15/100
rank #3
wb-wgi-2022
Control of corruption
26/100
rank #11
wb-wgi-2022

Produced commodities

No mapped commodities

Dependent chokepoints

No dependent chokepoints

Recent events (20)

Related News (30)