The Ceyhan oil pipeline is revived… Baghdad and Erbil overcome the “oil impasse” with a political settlement under the pressure of crises.

The recent agreement between Baghdad and Erbil to resume oil exports through the Ceyhan port constitutes a political settlement imposed by complex internal and regional circumstances, and does not represent a final solution to the outstanding disputes and issues between the two sides.

In this regard, Kirkuk Provincial Council member Ahmed Fateh Mustafa stressed that the recent agreement between Baghdad and Erbil to resume oil exports through the Ceyhan port cannot be considered merely a technical agreement, but rather represents a political settlement imposed by complex internal and regional circumstances.

Mustafa said in a statement received by Shafaq News Agency that “the agreement, despite its importance, does not constitute a radical solution to the existing disputes regarding the management of oil wealth, but rather is an attempt to contain the crisis, while the fundamental issues related to powers and the distribution of revenues continue without a final resolution.”

He added that “Baghdad strengthened its position by establishing the principle of centralized revenues, while Erbil demonstrated a degree of realism and responsibility by accepting the agreement, in order to preserve economic stability and enhance national partnership,” noting that “the regional factor, especially the Turkish role, contributed to advancing this path.”

The provincial council member added that “from an economic standpoint, the agreement provides additional revenues for Iraq and reactivates the Kirkuk-Ceyhan pipeline, but it remains a limited and unsustainable solution unless the legal and technical issues between the federal government and the Kurdistan Region are resolved definitively.”

Mustafa stressed that “the Kirkuk Provincial Council must pay great attention to the oil file, given its direct connection to the stability of the province and the rights of its people, and its impact on the level of services, job opportunities and social balance.”

He concluded by saying, “The agreement represents an important step, but it is temporary, and its sustainability will remain contingent on the enactment of comprehensive national legislation that definitively regulates the oil and gas sector.”

In the same context, the North Oil Company announced the start of the process of exporting Iraqi oil from Kirkuk Governorate to the Turkish port of Ceyhan, confirming that the initial production will reach 250,000 barrels per day.

The company stated in a statement received by Shafaq News Agency that “Kirkuk fields have recorded a strong return to the forefront of production and export, with the resumption of crude oil pumping operations through the Turkish port of Ceyhan, after a period of cessation that posed a major challenge to the oil sector.”

She added that “this important development is the result of the agreement concluded between the federal government and the Kurdistan Regional Government, which contributed to reactivating one of the most prominent strategic export outlets and enhancing the flexibility of the Iraqi oil export system.”

The company indicated that it had begun operating the Saralo pumping station, “signaling the resumption of pumping and exporting Kirkuk oil to the Ceyhan port, with an initial export capacity of (250,000) barrels per day.”

According to the statement, “This return does not just represent a resumption of export operations, but embodies a technical and administrative success that reflects the scale of the field and engineering efforts made by national cadres to ensure the readiness of the infrastructure and the continuity of operations with high efficiency.”

He explained that “this strategic step confirms the pivotal role of the Kirkuk oil fields in supporting the national economy and enhancing the stability of the oil market.”

The Kurdistan Regional Government announced on Tuesday evening that it had reached an agreement with the federal government to export oil from the Kirkuk and regional oil fields together via the Kurdistan Region-Ceyhan pipeline, starting today, to global markets.

The Ministry of Natural Resources in the regional government had previously confirmed that there were multiple reasons behind the halt in exports, in response to accusations by the Federal Ministry of Oil regarding obstructing the process.

In contrast, the Iraqi Oil Ministry called for a swift resumption of exports to reduce financial losses, noting that it had proposed exporting about 300,000 barrels per day via pipeline, in addition to oil from the region’s fields.

This comes at a time when Iraqi oil exports have declined in the past period, amid escalating regional tensions, which has increased the importance of reactivating the northern export lines to enhance stability in the oil market.

Shafaq.com

Statistics show that Iraq’s oil exports to America exceeded 90 million barrels in 2025.

US data showed that Iraq’s exports of crude oil and petroleum products to the United States exceeded 90 million barrels during the past year, 2025, with a notable annual decline.

Shafaq News Agency followed up on tables and charts published by the US Energy Information Administration, which showed that Iraq exported about 90 million and 779 thousand barrels in 2025, a decrease of 4 million and 593 thousand barrels compared to 2024, or about 4.8%, after it had recorded 95 million and 372 thousand barrels in the previous year.

According to the data, exports in 2025 remain significantly lower than the highest level recorded during the past decade in 2018, when they reached about 220 million and 499 thousand barrels, representing a decline of about 129 million and 720 thousand barrels, or approximately 58.8%.

She noted that August saw the highest level of exports at 10 million and 234 thousand barrels, while February had the lowest at 5 million and 427 thousand barrels.

Shafaq.com

Ministry of Oil: Resumption of pumping and exporting Kirkuk oil via the Ceyhan port at a capacity of (250) thousand barrels

The Ministry of Oil announced on Wednesday the resumption of pumping and exporting Kirkuk oil through the Ceyhan port at a rate of (250) thousand barrels. The ministry stated in a statement that “in implementation of the directives of the Prime Minister and the Deputy Prime Minister for Energy Affairs and Minister of Oil, and with the follow-up of the Undersecretary of the Ministry for Extraction Affairs, and with direct implementation by the Director General of the North Oil Company, and in the presence of the representative of the Ministry of Natural Resources in the Kurdistan Region, the pumping of crude oil through the Turkish port of Ceyhan has been resumed, after a period of stoppage that posed a major challenge to the oil sector.”

She added that “this came as a result of the agreement concluded between the federal government and the Kurdistan Regional Government, which contributed to reactivating one of the most prominent strategic export outlets and enhancing the flexibility of the Iraqi oil export system.”

She also noted that “the North Oil Company has begun operating the (Saralo) pumping station, signaling the resumption of pumping and exporting Kirkuk oil to the Ceyhan port, with an initial export capacity of (250) thousand barrels per day, in a step that reflects the integration of efforts between the concerned parties to achieve common national goals.”

She explained that “the process of resuming exports embodies a technical and administrative success that reflects the extent of the field and engineering efforts made by national staff to ensure the readiness of infrastructure and the continuity of operations with high efficiency.”

The ministry also affirmed, according to the statement, that “this strategic step represents the pivotal role of the Kirkuk fields in supporting the national economy, proving once again that challenges, no matter how great, cannot stand in the way of the determination and perseverance of the workers in this vital sector, who continue to work as one team to achieve accomplishments and serve Iraq.”

Burathanews.com

MP: The Strait of Hormuz is Iraq’s only lifeline, and halting exports would be an economic “catastrophe”.

MP Duha al-Bahadli warned on Tuesday of the dangers of Iraq’s complete reliance on a single sea outlet for its oil exports, stressing that any conflict in the region would make the Iraqi economy the most affected due to the disruption of trade through the Strait of Hormuz.

Al-Bahadli told the Information Agency that “oil exports via the Kirkuk-Ceyhan pipeline cover only 10% of total Iraqi oil exports,” explaining that the vast majority of exports pass through the Strait of Hormuz.

She added that “Iraq is among the countries most affected by the outbreak of any wars in the region due to its complete dependence on oil revenues,” noting that “Iraq’s possession of a single sea outlet overlooking the strait represents a real catastrophe in the event of any military escalation.”

Al-Bahadli pointed out that “any conflict that leads to the disruption of trade in the region will put Iraq in a serious economic predicament,” emphasizing “the necessity of finding real alternatives and multiple export outlets to avoid severe financial shocks.”

Almaalomah.me

New rocket attacks target the US embassy in Baghdad

A security source reported early Tuesday that new rocket attacks targeted the US embassy in Baghdad, and that air defense systems were activated to counter the attack inside the Green Zone.

The source told Shafaq News Agency that sirens and the sound of interceptions were heard in the vicinity of the embassy, ​​after rockets were launched towards the diplomatic compound, without any immediate information on the extent of the damage or whether the attacks resulted in injuries.

This development comes minutes after a series of attacks targeting the embassy via four drones, and hours after a drone attack that crashed into the upper fence of the Al-Rasheed Hotel inside the Green Zone without causing any injuries or material damage.

Following those attacks, the spokesman for the Commander-in-Chief of the Armed Forces, Sabah al-Nu’man, described what happened as “terrorist attacks” that targeted the Majnoon oil field, the Rashid International Hotel, and the US Embassy headquarters in Baghdad, stressing that Prime Minister Mohammed Shia al-Sudani had directed the security and intelligence services to track down and pursue the perpetrators.

Shafaq.com

Iraqi oil exports have fallen by 70% due to the war and the closure of the Strait of Hormuz.

Iraqi oil exports saw a significant decline during the past week, amid escalating regional tensions, the ongoing US-Iranian war, and the near-total closure of the Strait of Hormuz, which has broadly affected oil flows from the Middle East region.

According to data from Kpler, Iraq’s average exports of crude oil, condensates and refined fuels averaged around 0.78 million barrels per day, a decrease of nearly 70% compared to February, as a result of the halt of most maritime shipments and difficulties in transporting goods through ports.

The company’s data showed that oil exports from eight major Middle Eastern countries (Saudi Arabia, Kuwait, Iran, Iraq, Oman, Qatar, Bahrain, and the United Arab Emirates) fell significantly, with average exports to these countries reaching 9.71 million barrels per day, a decrease of 61% compared to 25.13 million barrels per day in February.

Iraq recorded a decrease of about 70%, the UAE more than 50%, and Saudi Arabia 20%, while exports from Iran, Oman, Kuwait, Qatar and Bahrain declined at varying, lower rates, with some limited flows continuing through the Red Sea and other ports.

The actual closure of the Strait of Hormuz would cause a major disruption to global supplies, as this sea lane is used to transport about one-fifth of the world’s oil.

Floating crude oil stocks in the region have risen to more than 50 million barrels, compared to about 10 million barrels before the outbreak of the war.

It is estimated that oil flows are currently limited through the Saudi Red Sea and the ports of Oman, the UAE and Iran, while analysts expect the impact of regional tension on global oil prices to continue in the coming period, with the possibility of some types of fuel reaching record levels.

Shafaq.com

Between bonds and gold: An economic roadmap to protect Iraq’s funds from the shocks of regional conflict

Economic expert Mohammed Al-Hassani said on Tuesday that Iraq needs to reconsider the management of its foreign reserves, especially between US bonds and gold, in light of global economic fluctuations.

Al-Hassani told Shafaq News Agency that “US bonds remain an important liquidity tool and generate a steady return, but they are highly dependent on the decisions of the Federal Reserve and interest rates, which exposes the country’s holdings to the risk of devaluation if interest rates are raised.”

He added that “gold is a safe haven in times of crisis and inflation, and it preserves purchasing power, but it does not generate an annual return like bonds and does not solve the problem of daily liquidity for government spending or paying salaries.”

Al-Hassani pointed out that “the best strategy for Iraq lies in balancing the two, that is, keeping part of the reserves in US bonds to obtain liquidity and returns, and allocating part in gold to protect the reserves from economic or political risks.”

He stressed that this “step could help Iraq reduce its dependence on the dollar and protect its economy from any sudden fluctuations in global markets, while maintaining sufficient financial flexibility to support national projects and government spending.”

The war that broke out on February 28, 2026, between the United States and Israel on one side, and Iran on the other, caused an almost complete paralysis of traffic in the Strait of Hormuz, the passage through which about 4.5% of total annual global trade passes, leading to a decline in navigation to very low levels.

As a result of the disruption to shipping through the Strait of Hormuz, Iraqi oil production has declined sharply from 4.3 million barrels per day to 1.3 million barrels per day.

This decline has led to Iraqi exports falling to less than 800,000 barrels per day, and a loss of $128 million per day after oil production stopped, according to the “Eco Iraq” observatory.

Shafaq.com

Katz: We killed Larijani and Soleimani

Israeli Defense Minister Yisrael Katz announced on Tuesday the assassination of Iranian Supreme National Security Council Secretary Ali Larijani and Basij commander Gholam Reza Soleimani in airstrikes on the Iranian capital Tehran last night.

Katz said, in a conference monitored by Shafaq News Agency, that he and Israeli Prime Minister Benjamin Netanyahu had issued directives to the Israeli army to continue pursuing the leaders of the Iranian regime, as he put it.

He added that “Israel is setting Iran back decades,” as he put it.

Earlier, the Israeli Broadcasting Corporation reported that Ali Larijani was among the targets of the Israeli strikes inside Iran last night.

An Israeli official was quoted as saying that Larijani was among the targets of the attacks, noting that his fate remains unknown.

Israeli media reports added that the strikes targeted about 30 individuals, with Larijani’s name appearing on the list of targets in some of those reports.

Shafaq.com

Following his injury and reports of his transfer to Russia, Iran says Khamenei is well and preparing for a new speech.

Iranian Foreign Ministry spokesman Ismail Baghaei confirmed on Tuesday that the new Supreme Leader, Mojtaba Khamenei, is in good health, indicating that he may deliver a new speech to the people soon.

“I can confirm that he is fine, and you have already heard about his speech, and we hope that he will deliver a new speech to the people soon,” Baqai said in media statements.

He added that “what is happening in the region is a war imposed on Iran by the United States and Israel,” stressing that “the Iranian people are determined to defend their country.”

This came after media reports claimed that Iranian Supreme Leader Mojtaba Khamenei was injured during the first attack that killed his father, and that he was flown to Russia last week on a military plane to receive treatment in Moscow.

For his part, the Iranian ambassador to Moscow, Kazem Jalali, confirmed that “the new Supreme Leader is not in Russia,” while denying reports about “Mojtaba Khamenei receiving treatment in Russia,” according to the TASS news agency.

The Israeli website i24News recently reported that a figure close to Khamenei spoke to the media and stated that he underwent successful surgery after being transferred to Moscow on a military plane last Thursday.

The website claimed that Mojtaba was injured in his legs during the attack that killed his father, and that the decision to transfer Mojtaba to Russia was made following a phone call between the Iranian president and his Russian counterpart.

On the other hand, Kremlin spokesman Dmitry Peskov declined to comment on reports that Mojtaba Khamenei had arrived in Moscow for treatment, amid statements by US Defense Secretary Pete Hegseth that he was “injured” and possibly disfigured.

It is worth noting that Mojtaba has not appeared on television since his appointment as Supreme Leader following his father’s death, and his first statement was issued on the thirteenth day of the war.

Shafaq.com

Washington: Oil tankers have begun crossing the Strait of Hormuz, and the war could end within weeks.

The White House economic adviser said on Tuesday that oil tankers had begun crossing the Strait of Hormuz, noting a “simple start to a flow” of ships in the waterway.

He added, in statements carried by American media, that US President Donald Trump “will not back down until he completes the mission in Iran,” stressing that the war against Iran “does not harm our economy.”

He indicated that the war “will end within weeks, not months,” according to his statements.

Shafaq.com