The U.S. Power Play in Iraq That Moscow and Beijing Didn’t See Coming

In recent weeks, the United States has been making strategic moves in Iraq to benefit from the country's significant oil reserves and its geopolitical position. Despite the recent damage to its oil sector due to ongoing conflicts in the Middle East, Iraq remains a crucial oil prize for the U.S. and its allies. Iraq possesses around 145 billion barrels of proven crude oil reserves, making it one of the largest oil reserves in the world.

The country's geographical location, situated between Iran, Saudi Arabia, and Turkey, further enhances its strategic importance. Iraq is also a key member of the Shia Crescent of Power, which includes Iran, Syria, and Lebanon, where Shia communities and Iran-backed groups hold significant influence over regional politics, economics, and security.

Additionally, Iraq has been a vital conduit for Iran to export its sanctioned oil, ensuring its economic survival amidst international sanctions. In light of these factors, the U.S. and its allies are keen to position themselves to maximize the potential benefits from Iraq's oil production, which is expected to increase to between 8 million barrels per day (bpd) and 10 million bpd within six years.