Iraq Turkey Oil Deal Breakthrough | Annapolis News

Annapolis News Today | 2 Min News | The Daily News Now! · Aug 1, 2026 · 1m

Iraq and Turkey just struck a major deal to boost oil exports, with Iraq sending 750,000 barrels daily via a pipeline to Turkey’s Ceyhan port — a one-year pact that could expand into broader energy, power, and water cooperation. This move aims to diversify Iraq’s export routes amid Strait of Hormuz disruptions since February’s Iran conflict, offering stability where Gulf shipments falter. Though the pipeline isn’t new, it’s now operating at a significant capacity bump from its current 200,000 barrels daily — far below Iraq’s pre-disruption peak of 3.5 million. Prime Minister Ali al-Zaidi…