Iraq signs deal with US oil services giant Halliburton

Iraq's government has partnered with US oil services giant Halliburton to oversee operations at two key oil fields in Basra, marking a significant step in its efforts to boost domestic oil production and revenue. This deal comes amid a push to revitalize Iraq's oil sector, which has been hampered by years of conflict and underinvestment. With global oil markets still sensitive to supply changes, this collaboration could play a crucial role in Iraq's economic recovery and its ability to compete on the international stage. The agreement underscores the ongoing strategic ties between Iraq and the US, despite regional political tensions.