IEA Head Pitches Iraq-Turkey Pipeline to Bypass Hormuz: Hürriyet

(Bloomberg) — International Energy Agency Executive Director Fatih Birol proposed building a new oil pipeline linking Iraq’s Basra oil fields and Turkey’s Mediterranean oil terminal in Ceyhan to shift the balance away from the Strait of Hormuz, according to Turkish newspaper Hürriyet. Read More

Hormuz at Standstill, Denting US-Iran Peace Deal Hopes

(Bloomberg) — Shipping in the Strait of Hormuz was at a near standstill early Sunday after Iran reversed its decision to reopen the waterway and fired on vessels attempting to pass, warning it would block transits as long as the US blockade of Iranian ports remained. Read More