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03.04.26 - 05:42
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Iraq Revives Syria Land Route, Post-Assad, To Export Oil To Europe (ZeroHedge)
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Iraq Revives Syria Land Route, Post-Assad, To Export Oil To Europe
Via Middle East Eye
Iraq has restarted overland oil exports through Syria, marking a significant shift in regional energy logistics as the US-Israeli war on Iran continues to wreak havoc on traditional shipping routes through the Strait of Hormuz.
Ali Nazar, director general of Iraq's state oil marketer Somo, said on Wednesday that the company had agreed to export 50,000 barrels per day of Basra medium crude via Syria to the Mediterranean, with plans to increase volumes. The crude will reach European markets through the Syrian port of Baniyas.
AFP/Getty Images
Syria's state news agency SANA reported that fuel convoys had begun entering the country through al-Tanf crossing, signalling what it described as a renewed role for Syria as a transit hub. The Syrian Petroleum Company said it would store the shipments before transferring them to Baniyas for export.
Safwan Sheikh Ahmad, the company's communications director, sai...
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03.04.26 - 01:01
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Stock Rally Hits Wall as Oil Holds Gains | The Close 4/2/2026 (Bloomberg)
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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Advisors Capital Management's JoAnne Feeney, Center for International Policy Vice Chair Joe Cirincione, UBS' Michael Lasser, Ethan Allen Interiors CEO Farooq Kathwari, Principal Asset Management's George Maris, The Points Guy's Becky Blaine, Complex CEO Aaron Levant, Pete & Gerry's CEO Tom Flocco, & KPMG's Diane Swonk. (Source: Bloomberg)...
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