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Iraq Offers Turkey 1 Million Barrels of Oil Daily Amid Hormuz Crisis

Iraq Offers Turkey 1 Million Barrels of Oil Daily Amid Hormuz Crisis

Iraqi Prime Minister Ali Zeydi visited Ankara, offering Turkey up to 1 million barrels of oil daily. The proposal comes amid regional security talks and the Hormuz crisis affecting global oil supply. President Erdogan emphasized the goal of signing a comprehensive energy cooperation agreement. While no binding agreement was signed, Turkey's acquisition of a stake in BP's Kirkuk oilfield was announced. The Development Road project, a corridor from Iraq to Europe, was discussed, with construction expected to begin by the end of 2026. The project aims to reduce Iraq's dependence on Gulf shipping, especially after the Strait of Hormuz closure.
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Iraqi Minister's Hesitation at Signing Ceremony with Turkey Resolved

Iraqi Minister's Hesitation at Signing Ceremony with Turkey Resolved

During a signing ceremony in Ankara, a brief crisis occurred when Iraq's Transport Minister hesitated to sign a transportation agreement under the Development Road Project. The hesitation prompted Turkish President Recep Tayyip Erdogan to question the number of agreements, leading to intervention by Iraqi Prime Minister Ali al-Zaidi. The situation was resolved, and the agreement was signed. The ceremony marked the signing of five agreements aimed at strengthening cooperation between Turkey and Iraq, particularly in transportation, as part of a broader effort to enhance regional connectivity and stability.
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Turkiye and Iraq Forge Energy Alliance with Historic Oil Agreement

Turkiye and Iraq Forge Energy Alliance with Historic Oil Agreement

Turkiye and Iraq have taken a 'historic step' in their energy alliance, with Turkiye set to receive up to 1 million barrels per day of oil from Iraq. This follows Turkiye's acquisition of a stake in the BP-run Kirkuk oilfield. The agreement comes as the Iraq-Turkiye crude oil agreement expired, prompting Turkiye to seek a new energy cooperation framework. The deal is part of broader discussions on bilateral security, trade, and water management.
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Drone strikes ignite fires on natural gas vessels at an Egyptian port

Drone strikes ignite fires on natural gas vessels at an Egyptian port

Drone strikes ignited fires on two natural gas vessels at an Egyptian port, a maritime security firm said, as the U.S.-Iran war flared on multiple fronts in the Middle East
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US military launches strikes on Iranian targets a day after it foiled missile attack on US forces

US military launches strikes on Iranian targets a day after it foiled missile attack on US forces

The U.S. military says it’s launching strikes on Iranian targets in response to Tehran’s attack on American forces a day earlier
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US launches strikes on Iranian targets a day after it foiled missile attack on American forces

US launches strikes on Iranian targets a day after it foiled missile attack on American forces

The U.S. military says it’s launching strikes on Iranian targets in response to Tehran’s attack on American forces a day earlier
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Turkiye and Iraq Forge New Energy Alliance Amid Regional Tensions

Turkiye and Iraq Forge New Energy Alliance Amid Regional Tensions

Turkiye and Iraq have taken a 'historic step' in energy cooperation, with Turkiye set to receive up to 1 million barrels of oil per day from Iraq after acquiring a stake in the BP-run Kirkuk oilfield. The agreement comes as the Iraq-Turkiye crude oil deal expired, prompting Turkiye to seek a new framework for energy cooperation. The alliance aims to strengthen ties between the two countries amid regional complexities, including security concerns related to the presence of Turkish forces in Iraq.
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Drone hits storage tanker at Egyptian port on Mediterranean, security firm Ambrey says

Drone hits storage tanker at Egyptian port on Mediterranean, security firm Ambrey says

By Jana Choukeir and Ahmed Tolba DUBAI/CAIRO, July 29 (Reuters) - A drone hit a U.S.-owned gas storage tanker at Egypt's Mediterranean port of Damietta, British maritime security firm Ambrey said in an initial assessment on Wednesday, in a potential spread of the Middle East war.
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US, Saudi hit Iran's allies in Iraq; Trump vows to punish Iran for firing at troops

US, Saudi hit Iran's allies in Iraq; Trump vows to punish Iran for firing at troops

By Parisa Hafezi, Jana Choukeir and Ahmed Tolba DUBAI/CAIRO, July 29 (Reuters) - The United States and Saudi Arabia jointly struck Iran-backed groups in Iraq on Wednesday, and President Donald Trump vowed to "beat the fucking shit" out of Iran for firing on U.S. troops just days after he suspended
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Explosions in Egyptian Mediterranean port blamed on drones in potential spread of war

Explosions in Egyptian Mediterranean port blamed on drones in potential spread of war

By Jana Choukeir and Ahmed Tolba DUBAI/CAIRO, July 29 (Reuters) - Explosions hit a natural gas loading port on the Mediterranean Sea in Egypt on Wednesday, and British maritime security company Ambrey said a U.S.-owned floating storage tanker there had been hit by a drone, in a potential spread of
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Middle East Tensions and Inventory Draws Drive Oil Price Surge

Middle East Tensions and Inventory Draws Drive Oil Price Surge

Middle East Tensions and Inventory Draws Drive Oil Price Surge
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Iran launches renewed missile attacks as US and Saudis strike Tehran-backed militias in Iraq

Iran launches renewed missile attacks as US and Saudis strike Tehran-backed militias in Iraq

Iran has launched a barrage of missiles at American forces in the Middle East