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May 2026
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Iraq’s new prime minister sworn in with incomplete cabinet and unresolved challenges

Iraq’s new Prime Minister Ali Al-Zaini was sworn in today, but with an incomplete government, as parliament failed to reach agreement on the appointment of key ministries, including Interior and Defence

Reuters: United Arab Emirates withdraws from OPEC, a major blow to the oil cartel

The withdrawal of the United Arab Emirates intensifies pressure on the global oil market and reshapes geopolitical balances

Reuters: Lower growth in Germany in 2026 and 2027 due to the war in Iran

The official announcement of the Economy Ministry’s forecasts is expected next week

US shoots down Iranian drone approaching aircraft carrier Lincoln in the Arabian Sea

The incident comes amid heightened tensions in the wider region and a large buildup of US military forces

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