Iraq
Iraq devalues dinar
Iraq's central bank devalued the dinar against the dollar on Wednesday, the first time in more than three years, as the economic fallout from the Middle East war deepens.
At least two workers were killed in an oil pipeline fire in Iraq's Zubair oilfield on Sunday, oilfield officials said.
Smoke rises from a fire at an oil pipeline in Iraq's Zubair oilfield, as seen through a car window, near Basra, Iraq October 26, 2025. Reuters/Mohammed Aty
At least two workers were killed in an oil pipeline fire in Iraq's Zubair oilfield on Sunday, oilfield officials said.
There was no impact on oil flows, they said, with throughput currently at 400,000 barrels per day.
The blaze, which also seriously wounded five workers, erupted while a group of workers were conducting welding operations near the pipeline, the officials said.
The fire broke out at a section of the pipeline that transports crude oil from the Zubair field to nearby storage tanks.
Firefighters worked for several hours to extinguish the blaze, which was fully brought under control by mid-afternoon, according to a statement from the Basra Oil Company (BOC).
The oil ministry said in a statement that the fire originated from a gas leak in an old pumping system at the Zubair oil storage depot, confirming that one BOC employee was killed and four others were wounded.
Some of the injured workers suffered severe burns and were in critical condition, officials said.
Reporting by Aref Mohammed in Basra and Ahmed Rasheed in Baghdad
Iraq's central bank devalued the dinar against the dollar on Wednesday, the first time in more than three years, as the economic fallout from the Middle East war deepens.
Israelis will on Wednesday mark three years since Hamas attacked Israel on October 7, 2023, triggering a military assault that destroyed much of Gaza, where conditions remain dire despite a year-old ceasefire that is meant to halt the war for good.
Canadian Prime Minister Mark Carney will travel to Ankara and Istanbul from October 21 to 23, his office said on Tuesday, in what will be the first dedicated bilateral visit to NATO ally Turkey by a Canadian leader.
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