Iraq’s New Oil Routes Challenge Hormuz | Duluth News

Duluth News Today | 2 Min News | The Daily News Now! · Jul 18, 2026 · 1m

American companies are pouring billions into Iraq, forging major deals in healthcare, communications, and especially oil — with a bold plan to reroute Iraqi crude away from the Strait of Hormuz. As Iran stirs regional tensions and threatens shipping lanes, U.S. firms like Chevron are building new pipelines and export routes to diversify global energy flows. Iraq’s Prime Minister is actively courting U.S. investors, pushing for long-term partnerships and even backing a revived Iraq-Syria pipeline. This isn’t just business — it’s a strategic pivot to secure energy stability in a volatile world…