IRAQ AND TURKEY STRIKE A 1-YEAR OIL PIPELINE DEAL TO BOOST EXPORTS DURING ONGOING HORMUZ CLOSURES

This aerial photo shows the port of Umm Qasr empty of commercial ships and cargo ships, near the city of Basra, 340 miles (550 kilometers) southeast of Baghdad, Iraq, Tuesday, July 28, 2026. (AP Photo/Ali Rahim) 2026-08-01T17:40:14Z BAGHDAD (AP) — Iraq and Turkey signed a deal Saturday to increase oil exports through a pipeline to the Turkish Mediterranean port of Ceyhan, as Baghdad seeks to diversify its…

Associated Press reports that this aerial photo shows the port of Umm Qasr empty of commercial ships and cargo ships, near the city of Basra, 340 miles (550 kilometers) southeast of Baghdad, Iraq, Tuesday, July 28, 2026.

The report adds: (AP Photo/Ali Rahim) 2026-08-01T17:40:14Z BAGHDAD (AP) — Iraq and Turkey signed a deal Saturday to increase oil exports through a pipeline to the Turkish Mediterranean port of Ceyhan, as Baghdad seeks to diversify its…

Iraqi Oil Minister Bassem Mohammed Khudair al-Abadi said in a statement that the agreement will remain in effect for one year while the two countries finalize a broader framework agreement covering cooperation in the…

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