Iraq’s Budget Crunch: Iraq is facing unprecedented fiscal strain as the government still runs on emergency spending after repeated delays in passing a 2026 budget, with oil exports hit by regional disruptions and the IMF warning of major risks to inflation and public finances. US-Iran Talks in Switzerland: US and Iranian delegations arrived in Geneva to implement a deal aimed at ending the Middle East war, including a ceasefire and reopening the Strait of Hormuz—though Iran’s side signaled the strait could close again amid Lebanon tensions. Strait of Hormuz Shock for Travel & Trade: Iran’s announcement to close the Strait of Hormuz again threatens shipping and raises uncertainty for Gulf-linked travel and logistics, even as some tanker traffic has started moving after a ceasefire. Kurdistan Oil Exports Resume: Kurdistan’s oil ministry says production and exports from some fields will restart after attacks eased, a sign of improving regional stability that can affect travel planning and cross-border movement. World Cup in Philly (Iraq Fans): Philadelphia continues to host global visitors for the World Cup and July events, with Iraq supporters expected to arrive for the next match—good news for tourism demand in the city. Ashura & Arbaeen Travel Planning: Iraq is finalizing transport plans for the Ashura and Arbaeen pilgrimages, a major travel moment for visitors and domestic travelers alike. Safety at Iraqi Tourist Sites: Halabja mourns Ruqaya after a drowning at the Ahmad Awa resort, prompting calls for tighter safety measures at waterways. CBI Due Diligence Watch: Citizenship by Investment applicants face currency swings and strict compliance checks, with Iraq listed among top source nations screened in Saint Lucia’s programme.