Iraq's Oil Rebound Tied to Secret Red Sea Route as Hormuz Stays Shut

Iraq, heavily dependent on oil exports through the Strait of Hormuz, faced a severe economic shock when Iran closed the strait during 'Operation Epic Fury'. A temporary agreement on 17 March and a reported secret Red Sea plan appear to be restoring some Iraqi oil flows, though details remain unconfirmed. The development signals a potential shift in regional energy transit routes and underscores Iraq's vulnerability to Iranian leverage.

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