Baghdad and Ankara are on the verge of extending a pipeline agreement that predates the Islamic Republic of Iran’s current standoff with the West by nearly five decades. Turkish Energy Minister Alparslan Bayraktar announced on July 9 that the two nations have nearly finalized a one-year renewal of the Iraq-Turkiye Crude Oil Pipeline Agreement, first signed in 1973 and set to lapse on July 27. Iraq does depend heavily on Hormuz for shipping crude out of its southern port of Basra, and with that route badly disrupted, Baghdad has indeed leaned harder on the northern pipeline and even started trucking…
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