U.S. Pressure Fuels Kurdish Oil Export Restart

The U.S. is pressuring Iraq to resume Kurdish oil exports to offset potential Iranian oil export declines due to Trump's 'maximum pressure' campaign. A restart may stabilize global oil prices, but unresolved issues remain. Iran's influence in Iraq complicates negotiations as the U.S. seeks to curtail Iran's economic connections.

In a strategic move to counter Iranian oil export declines, the Trump administration is urging Iraq to reinstate Kurdish oil exports, sources disclosed. If achieved, this could help moderate the global oil prices that Trump vowed to stabilize.

Iraq's announcement about resuming Kurdish exports ends a two-year dispute, potentially adding a significant 300,000 barrels per day to global markets. However, political tensions and technical challenges loom over the plan.

Iran, meanwhile, is leveraging its influence in Iraq, complicating negotiations. As U.S. pressure intensifies, the balance between Baghdad's ties with both Washington and Tehran stands precarious.

(With inputs from agencies.)