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Iraq Seeks Oil Alternatives in the Mediterranean
A report from the Stimson Center Research Center reveals an urgent plan by Iraq to diversify its oil exports by shipping through Mediterranean ports, aiming to mitigate the economic repercussions resulting from tensions in the Strait of Hormuz. This step comes amid escalating risks to major oil transportation routes and seeks to reduce dependence on passing through the Strait, which is a vital yet vulnerable chokepoint susceptible to extortion and threats. The plan includes strengthening maritime infrastructure and developing new ports to ensure continued exports and to minimize the impact of potential future crises in the region.
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