Peter Taylor's side will be hoping to improve on their last showing in this competition, when they lost 1-0 to Nigeria in the last 16 in 2011.
The Under-20s warmed up for the tournament by beating Uruguay 3-0 on Sunday evening.
Iraq have qualified for the competition for the first time since 2001, when they failed to progress beyond the group stages. They come into the tournament off the back of a 5-3 friendly victory over New Zealand last weekend.
Liverpool midfielder Conor Coady will captain the Three Lions.
England: Johnstone; Garbutt, Lascelles, Thorpe, Flanagan; Bigirimana, Barkley, Coady, Reach; Long, Kane
Iraq: Hameed, Ismail, Adnan, Nadhim, Natiq; Salman, J Kadhim, Ismael, I Kadhim; Abdulhussein, Raheem
Sports Mole says: 2-0