Iraqi Oil Ministry Spokesperson says the Basra-Haditha pipeline project will export 2.5mln barrels per day through Syria, Turkey and Jordan

This announcement regarding the Basra-Haditha pipeline project is significant as it highlights Iraq's commitment to expanding its export capacity, which could increase supply in the market.

Newsquawk StaffPublished 7 May 2026, 13:53 UTCOn the live feed at 13:33 UTC — 4 more headlines followed before this page went public

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13:44

Shell (SHEL LN) CFO says extra funds in the balance sheet are for additional buybacks at a later point

13:35

A telephone conversation occurred between the Foreign ministers of Iran and Pakistan, Tasnim reports; emphasised the importance of continuing the path of dialogue and diplomacy

13:33

Iraqi Oil Ministry Spokesperson says the Basra-Haditha pipeline project will export 2.5mln barrels per day through Syria, Turkey and Jordan

13:24

Blackstone (BX) cut the value of the SLF private credit fund in Q1; NAV of USD 26.26, -2.24%.

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"Iran's Foreign Minister Araghchi will stop in Islamabad on his way back from China", Al Mayadeen reports

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Context

If these exports come online, we may see pressure on WTI prices, especially if global demand remains stable or weakens. It’s important to monitor how this development influences market sentiment and any price adjustments in the energy sector.

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