| Highlights from yesterday |
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Iraq moves to bypass Strait of Hormuz to safeguard oil exports
Baghdad is attempting to shift its oil export routes away from the Strait of Hormuz to protect its primary revenue source from ongoing regional conflicts, according to a senior government official.
Mazhar Muhammad Salih, financial adviser to the Iraqi prime minister, told the state-run Iraqi News Agency (INA) that the government has moved from simply trying to cushion the impact of the regional crisis to actively managing it.
“The issue of pipelines and finding alternative routes is part of state strategy to move oil policy and marketing away from geopolitical conflicts,” Salih said.
He added that if disruptions in the Strait of Hormuz persist, Iraq will be forced to rely heavily on neighboring transit regions.
Before the US-Israel war on Iran, Iraq exported about 3.4 million barrels of crude per day, with roughly 80 to 85 percent shipped directly through the Strait of Hormuz. Salih said the government’s primary goal now is to secure those same volumes through alternative channels.
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Iraqi and Egyptian foreign ministers discuss regional tensions, trade
Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein and his Egyptian counterpart, Badr Abdelatty, have discussed the escalating regional conflict and its impact on Middle Eastern economies, global trade, and maritime navigation during a meeting in Cairo.
In a post on X, Hussein said that the two ministers agreed to address growing security threats and advancing bilateral economic ties.
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Iraqi and Lebanese top diplomats discuss regional issues
Iraqi Foreign Minister Fuad Hussein has met with his Lebanese counterpart, Youssef Rajji, in Cairo on the sidelines of the 166th regular session of the Council of the League of Arab States at the ministerial level, according to a statement by Hussein’s office.
In the meeting, Hussein “stressed the importance of dialogue between the United States of America and the Islamic Republic of Iran, and the need to resort to diplomatic means to address differences, in a manner that contributes to reducing tensions and consolidating security and stability in the region”.
Meanwhile, Rajji “expressed his thanks and appreciation to the Republic of Iraq for its continued support for Lebanon, commending Iraq’s positions in support of Lebanon’s security and stability”.
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Turkey says Houthi attacks ‘undermine diplomatic efforts’ to end conflict
Turkey is the latest country to condemn attacks carried out by Yemen’s Houthis against Saudi Arabia, saying they disregarded the safety of civilians and escalated tensions in the region.
In a statement by the foreign ministry, Turkiye reaffirmed its support for Riyadh’s “sovereignty and territorial integrity.”
“These attacks also undermine diplomatic efforts aimed at bringing the conflict in Yemen to an end through a lasting political solution,” the statement read.
“We call on the Houthis to cease their aggressive actions immediately,” it added.
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