Al-Zaidi: Iraq Eyes Europe as It Seeks to Diversify Oil Exports
Iraqi Prime Minister Ali al-Zaidi discussed selling oil to Europe during visits to France and Germany, saying Iraq wants to diversify its export routes and reduce reliance on the Strait of Hormuz. He said Iraq could double its oil exports through the Mediterranean and that nearly half could go to European countries and the West. German Chancellor Friedrich Merz said the main focus of Iraqi-German cooperation is the economy.
Why it matters: This bears on the theme of energy security as Iraq seeks to reduce dependence on a single export corridor.