Iraqi Kurdish Prime Minister Barzani says they have decided to allow export of oil through Kurdistan region pipeline at earliest possible time

• Discussions with Baghdad government will continue to provide guarantees for oil and gas Cos. to resume production in safe environment.

The announcement from Iraqi Kurdish Prime Minister Barzani regarding the resumption of oil exports through the Kurdistan region pipeline can be seen as a significant step towards stabilizing the energy supply, especially amid ongoing tensions with Baghdad. While this may help alleviate short-term concerns about supply disruptions and could support WTI prices, the success of these exports hinges on ongoing negotiations with the Iraqi government to ensure safe operations for oil and gas companies.