Iraqi authorities have seized an additional 25 billion Iraqi dinars, $1 million in cash, and approximately five kilograms of gold in connection with a corruption investigation involving a detained deputy oil minister.
The assets were confiscated Monday as part of an ongoing probe into refining affairs within the country’s energy sector.
The development underscores the intensifying political risks facing Iraq’s oil industry, which has been the target of coordinated raids in Baghdad’s government and diplomatic districts in recent weeks.
Security forces have detained dozens of high-ranking officials during these operations, signaling a broader crackdown on alleged graft within state institutions.
Despite the domestic upheaval, global oil markets have shown limited sensitivity to the news.
Brent crude prices remain stable, reflecting investor confidence that Iraq’s production capacity and export flows are not immediately threatened by the administrative turmoil.