{"id":923828,"date":"2026-07-31T09:15:05","date_gmt":"2026-07-31T14:15:05","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/31\/trump-teases-massive-oil-deals-with-iraq-during-visit-from-pm\/"},"modified":"2026-07-31T09:15:05","modified_gmt":"2026-07-31T14:15:05","slug":"trump-teases-massive-oil-deals-with-iraq-during-visit-from-pm","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/31\/trump-teases-massive-oil-deals-with-iraq-during-visit-from-pm\/","title":{"rendered":"Trump teases \u2018massive\u2019 oil deals with Iraq during visit from PM"},"content":{"rendered":"
\n

WASHINGTON \u2013 US President Donald Trump said \u201cmassive\u201d new oil deals with Iraq would be announced soon, as he hosted Iraqi Prime Minister Ali al-Zaidi and hailed the prospect of American companies doing more business in the country.<\/p>\n

\u201cIraq has tremendous potential because of their oil and because of other things,\u201d Trump said on July 14 at the White House.<\/p>\n

\u201cWe\u2019re going to create a lot of jobs for both countries, and we\u2019re going to be taking out a lot of oil. A lot of oil is coming out, and the American companies are doing it.\u201d<\/p>\n

Trump said there would be \u201ca lot of deals\u201d and announcements could be coming \u201cthis week or next week\u201d.<\/p>\n

He did not share any details, just describing them as \u201cmassive, among the largest\u201d.<\/p>\n

Securing such agreements would be a boost to al-Zaidi, who is eager to tap US investments to help raise Iraqi oil and gas capabilities.<\/p>\n

But his trip also comes at a delicate time for Iraq and the region, as the US and Iran clash over the status of the Strait of Hormuz.\u00a0<\/p>\n

Iraq\u2019s finances were among the hardest hit of Persian Gulf nations when Iran effectively closed the critical waterway for energy flows following the start of US and Israeli air strikes<\/span><\/a> in late February.<\/p>\n

The Iran war has spurred tension between Iraq and other nations in the OPEC cartel of oil producers as Baghdad pushes for bigger production quotas in a bid to recoup oil sales lost because of the conflict.<\/p>\n

Iraq\u2019s Oil Ministry has raised the prospect of exiting the group in the future.<\/p>\n

The US leader sidestepped a question about whether he backed Iraq\u2019s pressure campaign on OPEC, saying he supported al-Zaidi and that \u201cas far as OPEC, that\u2019s his decision\u201d.<\/p>\n

Ahead of al-Zaidi\u2019s visit, an Iraqi government spokesperson said the country would discuss alternative hubs for exports to ease the consequences of any closure of the Strait of Hormuz.<\/p>\n

The spokesperson also raised the prospect of a fund based on oil exports to the US that could be used for investments by US companies.<\/p>\n

Al-Zaidi is a political novice who emerged as a compromise candidate after Trump lobbied against former prime minister Nouri al-Maliki.<\/p>\n

Both al-Maliki and former prime minister Mohammed Shia al-Sudani ended their bids, clearing his path.<\/p>\n

The US-Iran clash casts a shadow over Iraq\u2019s internal politics.<\/p>\n

Both Washington and Tehran have jockeyed for sway over Baghdad, and the US is keen to reduce the Islamic Republic\u2019s influence over its neighbour.<\/p>\n

Trump wants to curtail Iranian support for militant groups across the Middle East.<\/p>\n

Tehran funds several organisations \u2013 including armed groups \u2013 in Iraq, many of whom have political wings and members in Parliament.<\/p>\n

Iran-backed proxies in Iraq have repeatedly targeted the US Embassy in Baghdad<\/span><\/a>. BLOOMBERG<\/p>\n<\/div>\n

Georgianna Motsinger
Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON \u2013 US President Donald Trump said \u201cmassive\u201d new oil deals with Iraq would be announced soon, as he hosted Iraqi Prime Minister Ali al-Zaidi and hailed the prospect of American companies doing more business in the country. \u201cIraq has tremendous potential because of their oil and because of other things,\u201d Trump said on July<\/p>\n","protected":false},"author":1,"featured_media":923829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1505,4],"tags":[5511,5052],"class_list":["post-923828","post","type-post","status-publish","format-standard","has-post-thumbnail","category-teases","category-trump","tag-teases","tag-trump"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/923828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=923828"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/923828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/923829"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=923828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=923828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=923828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}