Nabil al-Jurani / AP

Iraq, which has the world's fourth-largest oil reserves, announced this week it will be offering oil and gas exploration rights as part of its effort to root out ISIS from the region, per the AP. The measure is intended to boost energy revenues amid low oil prices.

Why it matters: Oil has been important to financing Iraq's security services and its fight against ISIS — for context, in 2014 94% of Iraq's federal revenue came from oil, per the IMF, and even amid the tensions in the region, Iraq stepped up its production last year, according to CNNMoney. Note also, U.S. imports from Iraq are up this year from last, per the EIA, and more than doubled between August and September 2016 alone.

The plan: Putting nine border exploration blocks up for bidding, according to Oil Minister Jabar Ali Al-Luaibi. Five are shared with Iran, three with Kuwait, and one in the Persian Gulf.

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"Hamilton" is a streaming hit for Disney+

Data: Google Trends; Chart: Andrew Witherspoon/Axios

The debut of "Hamilton" on Disney+ last Friday sent downloads of the app soaring over the weekend.

Why it matters: With theaters closed until 2021, "Hamilton" is the biggest litmus test for whether Broadway will ever be able to successfully transition some of its iconic hits.

Wall Street is no longer betting on Trump

Illustration: Sarah Grillo/Axios

Betting markets have turned decisively toward an expected victory for Joe Biden in November — and asset managers at major investment banks are preparing for not only a Biden win, but potentially a Democratic sweep of the Senate and House too.

Why it matters: Wall Street had its chips on a Trump win until recently — even in the midst of the coronavirus-induced recession and Biden's rise in the polls.

With new security law, China outlaws global activism

Illustration: Eniola Odetunde/Axios

The draconian security law that Beijing forced upon Hong Kong last week contains an article making it illegal for anyone in the world to promote democratic reform for Hong Kong.

Why it matters: China has long sought to crush organized dissent abroad through quiet threats and coercion. Now it has codified that practice into law — potentially forcing people and companies around the world to choose between speaking freely and ever stepping foot in Hong Kong again.