S&P 5007,482.58▼0.3% Nasdaq25,870.65▲0.2% Dow52,348.09▼1.1% Russell 2K2,948.91▼1.1% 10-Yr4.57%+4bp VIX16.86+0.73 WTI$74.03▲5.1% Gold$4,091.40▼1.3% EUR/USD1.143▼0.1% BTC$63,348▲1.8% Nikkei68,257▼2.1%
At close · Thu, Jul 9, 2026
Daily Market Updates.

Commodities

HomeCommoditiesEnergyU.S.-Iraq talks raise pressure over Iran-linked militi…

U.S.-Iraq talks raise pressure over Iran-linked militias and sanctions risk

The White House’s 14-point U.S.-Iran memorandum of understanding reportedly links Iraq support to political, economic, and security conditions, with “major sanctions” on the table.

Iraq’s new prime minister, Ali Al-Zaidi, is set to meet U.S. President Donald Trump in Washington, D.C., on July 14, according to OilPrice.

OilPrice says the White House released the terms of a 14-point U.S.-Iran memorandum of understanding on the same day, and that the U.S. delivered to Iraq “a series of political, economic and security conditions” in exchange for U.S. support and to avoid what a report described as “major sanctions.”

The conditions described by OilPrice include demands tied to the disarmament of Iran-linked militias, preferred access for U.S. companies to major projects and contracts, and requirements aimed at ensuring Iraq is not used as a platform for attacks on other states in the region.

OilPrice frames the broader backdrop as a push by Washington to manage regional security via Iraq while also leaving room for a partnership centered on economic development, energy security, and regional stability.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.