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The U.S. State Department announced its support for Iraq and Syria's efforts to restart the oil pipeline between them, aiming to reduce dependence on the Strait of Hormuz and lessen the impact of disruptions in oil supplies. The pipeline is expected to run from Kirkuk to the Syrian coast, after most of its sections were damaged since Iraq's invasion in 2003. Its goal is to diversify oil export routes in the region. This move comes as part of efforts to reduce reliance on the Strait, through which approximately 20% of global oil supplies pass, especially after tensions with Iran have escalated.
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