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Iraq ships oil past Hormuz for first time in decades
Original: Iraq transports its oil past Hormuz for first time in decades as war with Iran chokes exports
Iraq has begun moving its oil exports through the Strait of Hormuz for the first time in decades, as its war with Iran disrupts the pipeline routes it normally relies on to bypass the strait. The shift ties Baghdad's export lifeline directly to the waterway at the centre of the conflict, exposing Iraqi oil revenues to the same risks choking Iranian exports.
Why now: The outbreak of war between Iraq and Iran has forced a historic change in Iraq's oil export routes, with major implications for global energy markets.
Evidence
- Iraq transports its oil past Hormuz for first time in decades as war with Iran chokes exports · thenationalnews.com
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