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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.
x.com Economy Middle East

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