A Glimmer of Hope: Washington-Tehran Truce Restores Reassurance to Iraq's Markets and Streets

The Iraqi street breathed a sigh of relief with the announcement of the temporary truce between the United States and Iran, as life began to return to normal in local markets that experienced stagnation and panic in recent weeks. This positive pause reflected on the stability of basic commodity prices and foreign exchange rates in Baghdad and the provinces. Citizens expressed their hope that this truce would turn into a lasting peace, asserting that ordinary citizens are the most affected by regional wars. Economic actors hope this break will attract investments and restart stalled development.