Iraq Suspends Oil Exports from Kurdistan to Turkey

Iraq has stopped oil exports from its semi-autonomous Kurdistan region to the Turkish port of Ceyhan, according to individuals familiar with the matter. Bloomberg posted on X, highlighting the impact of this decision on regional oil trade. The halt in exports is expected to affect the flow of crude oil from the Kurdistan region, which has been a significant contributor to Iraq's overall oil exports. The reasons behind the suspension remain unclear, and it is uncertain when the exports will resume. This development comes amid ongoing discussions between the Iraqi government and the Kurdistan Regional Government regarding oil revenue sharing and export rights.