Iraq and Kurdistan Region Resume Ceyhan Oil Exports

The Iraqi government and the Iraq===Kurdistan Regional Government (KRG) have reached an agreement to resume oil exports to Turkey's Turkey===Ceyhan energy hub, with flows expected to start on Wednesday. This deal follows intense negotiations and aims to address economic and security challenges, including a significant plunge in Iraq's oil production due to the Iran conflict and the closure of the Strait of Hormuz. The KRG confirmed the agreement, stating that a joint committee would be formed to manage the exports, with revenues directed to the federal treasury. KRG Prime Minister Masrour Barzani emphasized the urgency of the resumption and the need for continued dialogue with Baghdad to lift trade restrictions and ensure a secure environment for oil and gas companies. The Iraqi parliament also urged the federal government to assert control over the oil sector and find alternative export routes.