Iraq signs $60B in deals with US oil giants
Iraq just locked in 48 deals with American companies worth over $60 billion, anchored by Chevron, ExxonMobil, Shell and others. Core play: new pipeline infrastructure designed to move Iraqi oil without routing through the Strait of Hormuz.
Translation: US energy companies get a direct hand in reshaping Iraq's energy infrastructure and export routes. Iran loses leverage over a critical chokepoint. Iraq gets capital and becomes even more economically entangled with American interests.
This isn't trade. It's infrastructure control dressed up as commerce.
Source
x.com