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Parliament intervenes in the crisis between Baghdad and Erbil regarding oil exports via Ceyhan.
The Iraqi Parliament announced on Sunday (March 15, 2026) that it has entered the ongoing crisis between the federal government in Baghdad and the Kurdistan Regional Government regarding oil exports through the Turkish port of Ceyhan.
The media office of the House of Representatives stated in a statement received by “Baghdad Today” that “the House of Representatives decides to host the Deputy Prime Minister and Minister of Oil, the Minister of Natural Resources in the Kurdistan Region, the Undersecretary of the Minister of Oil for Extraction Affairs, the Undersecretary of the Minister of Oil for Distribution Affairs, and the Director General of the Iraqi Oil Marketing Company SOMO.”
She added that “the hosting will begin on Tuesday at 9 pm,” noting that “the session concerns the mechanism for exporting oil via the oil pipeline to the Turkish ports of Ceyhan.” (LINK)
US oil companies warn T******************n of worsening energy crisis due to the Strait of Hormuz
US oil companies have warned President Donald Trump’s administration that the energy crisis could worsen if supplies through the Strait of Hormuz, one of the world’s most important oil chokepoints, are disrupted.
The Wall Street Journal reported that the oil industry indicated that continued supply disruptions could lead to higher oil prices and disruption to global energy markets.
The companies stressed that the crisis could worsen if shipping traffic through the vital strait continues to be disrupted, warning of the impact this could have on local and international oil and fuel supplies. (LINK)
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Calls to regulate markets and protect citizens’ purchasing power
Residents of Ramadi have called for stricter market controls during the final days of Ramadan and the lead-up to Eid al-Fitr, to prevent some merchants from exploiting the situation and raising prices excessively for families.
They emphasized that these price hikes place a heavy burden on families and limit their ability to meet their Eid needs, urging official authorities to regulate the markets and ensure that citizens can purchase their necessities without additional financial strain. (LINK)
Source: Dinar Recaps
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