Baghdad and Kurdistan reach oil deal: benefits for Iraq and Kurdistan?

Iraq has faced significant challenges in its oil exports due to the ongoing Iran war, which has led to a reliance on alternative routes. A deal has been reached to resume oil exports through the autonomous Kurdistan Region’s pipeline to Turkey, contingent on the lifting of a trade embargo by Baghdad. U.S. Ambassador Tom Barrack has expressed support for this agreement, emphasizing the importance of cooperation for the region’s prosperity.

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