Oil prices rise above $91 as stalled U.S.-Iran talks fuel supply fears

Iranian Parliament Speaker Mohammad Bagher Ghalibaf is set to embark on a visit to Iraq on Monday. The purpose of his trip is to engage in discussions about regional developments and to bolster the strategic relationship between the two nations. According to Iran’s Tasnim news agency, Ghalibaf will be accompanied by a high-level parliamentary delegation.

The visit's primary objectives include examining recent regional developments, enhancing cooperation between Iran and Iraq, and identifying joint strategies to ensure stability and security in the West Asian region. The delegation is expected to hold meetings with key Iraqi officials and influential figures, discussing matters of mutual interest such as bolstering bilateral relations, improving border security, combating terrorism, facilitating economic cooperation, and ensuring the successful implementation of existing agreements.

The timing of Ghalibaf's visit is noteworthy, as it occurs amidst heightened tensions between the United States and Iran, as well as in the wake of recent attacks that targeted the office of the Kurdistan Regional Government's Prime Minister Masrour Barzani and the residence of the local intelligence chief in Erbil.