US‑Iraq $60 B Pipeline Pact Aims to Sidestep Hormuz Bottleneck
US firms have inked about $60 billion of deals with Iraq to build pipelines that bypass the Strait of Hormuz, aiming to route roughly 14 million barrels a day by 2028. The move cushions global oil supplies against Iranian disruptions and signals Iraq’s pivot toward long‑term U.S. investment in its energy infrastructure.