Iraq's Oil Exports Secured via One-Year Agreement With Turkey
A one-year temporary agreement between Iraq and Turkey has secured critical oil exports through the Ceyhan pipeline corridor following disruptions at the Strait of Hormuz. This arrangement prevents economic disaster by maintaining 200,000 barrels per day (bpd) flow, which is vital for Baghdad's budget reliant on oil revenues.
Topics: economic stability Iraq-Turkey pipeline oil exports Strait of Hormuz crisis