Iraq, U.S. sign 48 agreements during PM's visit
Iraq has signed 48 economic agreements with U.S. companies, primarily in the oil and energy sectors, during Prime Minister Ali al-Zaidi's visit to Washington. The deals aim to revitalize Iraq's infrastructure and economy while balancing its complex geopolitical relationships.
Why it matters
These agreements signal a strategic pivot for Iraq to modernize its energy sector and strengthen ties with the U.S. amidst regional instability.
Iraq signed 48 agreements and partnerships with American companies, many in the oil sector, during a visit to the U.S. by Prime Minister Ali al-Zaidi, his office said Saturday (July 18, 2026).
Oil-rich Iraq has been trying to move past decades of war and unrest, but still suffers from poor infrastructure, failing public services, mismanagement and endemic corruption. It is in urgent need of an economic boost, especially after losing revenue due to a halt in oil exports caused by the West Asia war.
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