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Washington reports Iraqi-Syrian oil pipeline repair agreement
Washington announced its welcome of a agreement between Iraq and Syria to rehabilitate the oil pipeline between the two countries, which has remained closed for years, with the aim of facilitating the transfer of Iraqi oil to the Mediterranean for export. This project holds strategic importance, as the United States seeks to lead an international coalition to help develop the capacity to transfer around two million barrels of oil daily. It serves as an alternative route to the Strait of Hormuz, which was recently closed amid escalating regional tensions, especially following the disruption of the waterway last week after American strikes on Iran. The announcement comes amid international efforts to establish new transportation routes for oil and reduce dependence on the Strait of Hormuz, amid rising tensions between Iran and the United States.
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