Oil prices settled higher on Monday as fresh U.S. sanctions on Iran and a commitment to compensate for overproduction by Iraq added to concerns of near-term supply tightness, helping the market recover some of Friday's steep losses.

The final results of Iraq's first census in nearly 40 years released Monday show the population has reached 46.1 million. In 2009, an unofficial count estimated the population at 31.6 million. Iraqi officials have called the population count a milestone and said it will provide essential data for future planning and resource

Russia’s Foreign Minister Sergei Lavrov landed in Tehran on Tuesday for talks with Iranian officials, Iranian state media reported, days after Moscow held initial talks with the U.S. just a month after Donald Trump returned to the White House.

Syrian Foreign Minister Asaad Hassan al-Shibani has received an invitation to visit Iraq with the date to be determined later after consultations on the agenda, Syria's state news agency SANA said on Friday.

Iraqi officials announced on Monday that the final results of Iraq’s first census in nearly 40 years have determined the country’s population to be 46.1 million. This figure marks a dramatic increase from the unofficial 2009 estimate of 31.

Iraq’s oil ministry repeated that it’s ready to restart exports from the semi-autonomous region of Kurdistan via a pipeline to Turkey that’s been shut for almost two years.

Flows of crude oil through a pipeline from the semi-autonomous Kurdistan region in northern Iraq to Turkey could restart soon after an almost two-year shutdown.

A senior Iranian official said Monday the U.S. and Israel, "cannot do a damn thing," to stop Tehran from advancing its nuclear program after U.S. Secretary of State Marco Rubio met with Israeli officials.

A Turkish opposition party delegation arrived in Iraq’s semiautonomous Kurdish region Sunday against the backdrop of peace efforts between Ankara and a banned Kurdish separatist movement in Turkey. The delegation led by Sirri Sureyya Onder and Pervin Buldan,

Iraq reaffirmed its commitment to the OPEC+ agreement on Monday and said it would present an updated plan to compensate for any overproduction in previous periods, according to a statement from the Iraqi oil ministry.

Turkey says it has yet to hear from Iraq about restarting oil flows through an export pipeline from the semiautonomous Kurdistan region, casting doubt on expectations for an imminent resumption.