Public Markets 3h Briefing
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Last updated: April 19, 2026, 5:30 AM ET
Energy Security & Geopolitics
International Energy Agency officials proposed constructing a new oil pipeline linking Iraq’s Basra fields directly to Turkey’s Ceyhan terminal, a strategic move intended to bypass the volatile Strait of Hormuz, according to a report from Hürriyet. This infrastructure push aims to rebalance global supply flows away from chokepoints, addressing long-term energy security concerns for European buyers.