Energy

Turkiye and Iraq sign one-year oil pipeline deal amid global shift - Al Jazeera

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DW NOTE

Turkey has been shipping Kurdish crude through this pipeline for decades — until it wasn't. The one-year term tells you everything: nobody believes the arrangement is stable enough to commit beyond twelve months. Iraq still hasn't been paid for exports halted since March 2023, and Ankara still wants leverage over Baghdad's water-sharing upstream. A deal this short isn't a resolution, it's a bet on how long both sides can pretend the underlying dispute doesn't exist.

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

Turkiye and Iraq sign one-year oil pipeline deal amid global shift - Al Jazeera

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

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