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Trump Says US Will Be Doing a Lot of Deals With Iraq, Taking a Lot of Oil Out

Business & Policy
July 14, 2026

(Reuters) – President Donald Trump on Tuesday told reporters ahead of a meeting with Iraqi Prime Minister Ali al-Zaidi that the United States would be doing a lot of deals with Iraq and taking a lot of oil out of the country.

“Iraq has tremendous potential because of their oil… and we’re going to be doing a lot of deals. We’re going to create a lot of jobs for both countries, and we’re going to be taking out a lot of oil,” said Trump, without giving details.

“A lot of oil is coming out, and the American companies are doing it – mostly American companies now.”

Reporting by Trevor Hunnicutt and Katharine Jackson; Writing by Daphne Psaledakis, editing by David Ljunggren