Iraq’s Oil Lifeline Reopens — But Can Baghdad Trust Turkey for Even One Year?
With over 90% of Iraq’s annual budget still coming from oil exports and historically around 95% of that crude shipped through the Strait of Hormuz, securing an alternative export route while the Strait remains effectively blockaded has become an existential matter for Baghdad. Aside from the billions lost in immediate oil revenues for OPEC’s second-largest oil producer, the blockade meant Iraq’s…
We haven't written up this one. OilPrice has the full story — the link below goes straight to it.
