Skip to content
Back to Guavy Wire
Commodities

US-Saudi Strikes on Iraqi Militias Spark Crisis for Zaidi's Government

Instruments
Oil
Share

Iraqi Prime Minister Ali al-Zaidi has canceled his official trip to Saudi Arabia following a recent escalation of airstrikes by US and Saudi forces targeting Iran-backed militias in Iraq. The strikes, which killed at least 20 members and wounded 32 others of the Popular Mobilization Forces (PMF), were in response to repeated drone assaults on Saudi oil facilities.

The cancellation of Zaidi's trip comes as he has been trying to reorient Iraq away from Tehran's influence and toward closer ties with the US and Gulf states. His first foreign visit since becoming prime minister was to the US, where he met with President Donald Trump amid fanfare.

Trump administration officials have accused the PMF of operating outside the government's command and often in coordination with Iran. The latest drone attacks on Saudi oil facilities underscored the limits of Zaidi's power and the immense challenges facing Iraq's premier as his country becomes a new battleground in the US-Iran conflict.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc