Framing Analysis
Iraq and Turkey signed an agreement on Saturday to resume and increase crude oil exports through the Kirkuk-Ceyhan pipeline at a minimum volume of 750,000 barrels per day for one year. The deal coincides with ongoing shipping disruptions in the Strait of Hormuz that began in February and follows years of idling due to disputes involving Iraq's Kurdish region. A broader framework covering oil, electricity, and water cooperation is also under finalization.