Iraq · Country watch

Iran Exempts Iraq from Hormuz, Škoda Enters Market

Iran exempts Iraq from Strait of Hormuz restrictions, boosting oil transit; Škoda signs distribution deal, enhancing automotive sector.

Florent Kalfon · 6 November 2026 · 6 articles read

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Business conditions in Iraq improve as Iran exempts Iraqi oil exports from Hormuz restrictions, enhancing logistics, and Škoda enters the market, boosting automotive sector growth.

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In this briefing Škoda · Dogus Otomotiv · Rabee Securities · Iraq Stock Exchange · Strait of Hormuz · Iraq

Companies

Automotive
Retail

Škoda signs distribution deal in Iraq

Dogus Otomotiv has signed a letter of intent to establish sales and after-sales service operations for Škoda-branded passenger cars in Iraq, according to Iraq Business News. The agreement will see the Turkish distributor manage the Iraqi dealership, with terms to be defined in a formal contract. This move marks Škoda's entry into the Iraqi automotive market, potentially boosting the sector by introducing new vehicle options and services.

Impact Iraqi automotive retailers and consumers gain access to Škoda vehicles, expanding market offerings.

Sources: Iraq Business News ↗

Markets

Finance

Iraq Stock Exchange sees weekly decline

The Rabee Securities Iraq Stock Exchange (ISX) market report shows a weekly decline, with the IQD-RSISX index down by 3.81% and the USD-RSISX index by 19.37%, according to Iraq Business News. The report highlights the ongoing challenges in the Iraqi financial market, reflecting broader economic pressures. These indices track the performance of listed companies and provide insight into investor sentiment.

Impact Investors in Iraqi equities face declining stock values, impacting portfolio valuations.

Sources: Iraq Business News ↗

Trade

Energy
Logistics

Iran exempts Iraq from Strait of Hormuz restrictions

Iran has confirmed that Iraqi ships are exempt from its Strait of Hormuz restrictions, according to Iraqi News. This exemption allows Iraqi oil exports to transit through the crucial waterway without the interruptions affecting other nations. The Strait of Hormuz is a vital passage for global oil shipments, and this development is expected to facilitate a smoother flow of Iraqi oil exports, potentially increasing revenue and stabilizing supply chains.

Impact Iraqi oil exporters benefit from uninterrupted transit through the Strait of Hormuz, enhancing export capacity.

Sources: Iraqi News ↗

Nothing significant reported today in Regulation · Disruption · Internal tension · Safety & health · Politics.