- Breaking: No oil will pass through the Iraq-Turkey pipeline unless the Baghdad government provides immediate dollar relief to Kurdistan, a senior KRG official told Reuters. Security guarantees for international oil companies (IOCs) in the Kurdistan Region (KRG) to restart production are also needed, the senior KRG official told Reuters.
- The Iraq-Turkey pipeline, a key route for Kurdish oil exports, is facing a potential shutdown.
- The Kurdistan Regional Government (KRG) is demanding immediate dollar relief from the Baghdad government and security guarantees for international oil companies (IOCs) to restart production.
- The pipeline's reopening was recently agreed upon by Baghdad, the KRG, and IOCs, facilitated by the United States, after a 2.5-year halt.
- The KRG claims a "100 percent dollar embargo" is in place, and is seeking greater autonomy over trade.
- The pipeline's closure would impact the flow of up to 200,000 barrels per day to global markets.
Breaking: No oil will pass through the Iraq-Turkey pipeline unless the Baghdad government provides immediate dollar relief to Kurdistan, a senior KRG official told Reuters. Security guarantees for international oil companies (IOCs) in the Kurdistan Region (KRG) to restart production are also needed, the senior KRG official told Reuters.
Mar 11, 2026, 3:07:32 PM UTC(4 hours ago)
Impact: Very HighAffected Assets
Sources
From:@DeItaone
🚨 NO OIL WILL PASS THROUGH IRAQ-TURKEY PIPELINE UNLESS BAGHDAD GOVERNMENT GIVES KURDISTAN IMMEDIATE DOLLAR RELIEF - SENIOR KRG OFFICIAL TELLS REUTERS
SECURITY GUARANTEES FOR IOCS IN KRG TO RESTART PRODUCTION ALSO NEEDED - SENIOR KRG OFFICIAL TELLS REUTERS
