Iraq's parliament has elected Haibet Al-Halbousi as its new speaker after extended negotiations aimed at resolving a political stalemate. Al-Halbousi, a member of the Progress party, secured a majority of votes from attending legislators, marking a significant step in Iraq's ongoing efforts to stabilize its government following inconclusive elections.

The new speaker faces immediate challenges, including addressing a controversial bill that seeks to formalize the Popular Mobilization Units as a state security institution. These groups, backed by Iran, have gained considerable political influence, adding complexity to Iraq's delicate balance between regional powers.

In addition to navigating political tensions, Al-Halbousi must confront Iraq's substantial public debt and widespread corruption. His leadership will be crucial as the country continues to walk a diplomatic tightrope between the United States and Iran amid persistent regional unrest.