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Iraq Stops Kurdistan Oil Exports to Turkey's Ceyhan Port

Bloomberg Markets •
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Iraq has halted crude oil exports from its Kurdistan region to Turkey's Ceyhan port, according to sources with direct knowledge of the situation. The suspension affects the pipeline that has been a critical route for Kurdistan Regional Government oil shipments to international markets.

This move represents a significant escalation in tensions between Baghdad and the semi-autonomous Kurdish region over oil revenue sharing and export rights. The pipeline through Turkey has been the primary export route for Kurdish crude, allowing the region to sell oil independently of federal authorities.

The halt comes amid ongoing disputes between the Kurdistan Regional Government and Iraq's central government over oil revenues and political autonomy. This disruption could impact global oil supplies and potentially drive up prices if the suspension continues, given the region's role as a key producer in the Middle East.