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Oil Falls After Iraq Signs Pipeline Export
Deal With Kurdistan

Original Article

Posted By: sunset, 3/18/2026 9:26:33 PM

Oil dropped as Iraq signed a deal to resume exports via Turkey that avoid the Strait of Hormuz, and as the US stepped up efforts to force the reopening of the key waterway. Brent fell below $101 a barrel, after adding more than 3% on Tuesday, while West Texas Intermediate was near $92. Iraq agreed with Kurdistan to resume oil exports through a pipeline in the semi-autonomous region that goes to Turkey’s Mediterranean port of Ceyhan. The US said it had used penetrator munitions to hit Iranian anti-ship cruise missile sites near the Strait of Hormuz, the vital passage that President Donald Trump has been seeking to reopen.

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By the end of this excursion, oil delivery routes will be so numerous, countries will have price wars for a share of the business.

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Reply 1 - Posted by: 3XALADY 3/18/2026 10:41:59 PM (No. 2082035)
Hadn't filled up for 2-3 weeks and hadn't been paying attention to the prices since I didn't need a fill up. Pulled in to the station today and it was $3.59, up from $2.69 the last time. I also stopped at Walmart for groceries. They are still going up, from the prices that I recognize and somewhat remember. I use the needle sharp containers. Last time I bought one a couple of months ago it was $2.98. Today it is $5.48. I'm going to stop paying attention.
2 people like this.

Reply 2 - Posted by: crashnburn 3/19/2026 12:40:41 AM (No. 2082059)
Higher prices are a small price to pay to not have to worry about nuclear Armageddon.
5 people like this.

Reply 3 - Posted by: bpl40 3/19/2026 8:22:32 AM (No. 2082173)
Kuwait, Qatar and theoretically even UAE and Saudi can use the Iraq/Turkey pipeline route. China may not benefit from it but who cares.
4 people like this.

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