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Economics2h 47m ago

Iraq signed over $60 billion in deals with US firms to push new oil export routes beyond the Strait of Hormuz.

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Iraq

Who
US firms, Iraq
What
Iraq signed over $60 billion in deals with US firms to push new oil export routes beyond the Strait of Hormuz.
When
Sat, 18 Jul 2026 08:06:29 GMT · 2h 47m ago
Where
Iraq ·
Why
To establish new oil export routes beyond the Strait of Hormuz amid regional tensions.
The Frontline Impact

How this affects you

These deals could redraw the global oil map by diversifying export routes away from the Strait of Hormuz.

Story chain

2 events in this thread
  1. Economics2h 47m ago
    Iraq signed over $60 billion in deals with US firms to develop new oil export routes.
    Open article
  2. Currently Reading2h 47m ago
    Iraq signed over $60 billion in deals with US firms to push new oil export routes beyond the Strait of Hormuz.

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