Baghdad-Erbil oil dispute threatens Iraq economy as Hormuz route remains cut off
Iraq has been cut off from trade via the Strait of Hormuz as the war with Iran has developed over the last two weeks. An oil and trade dispute between Baghdad and the autonomous Kurdistan Regional Government in northern Iraq is having ramifications for Baghdad and could also present larger ramifications for the region. Iraq has been cut off from trade via the Strait of Hormuz as the war with Iran has developed over the last two weeks. One option for the country would be to export oil through the Kurdistan Region, which has a pipeline to Turkey. However, Baghdad has also sought to isolate and control the Kurdistan Region via a trade embargo at the border with Turkey. This is also important because many countries are trying to use pipelines and other means to get around the closure of the Strait of Hormuz . Saudi Arabia has similar challenges. As Baghdad seeks to pressure Erbil , the dispute continues, which will likely harm the economy in Baghdad and have w...