Experts Warn Against Export Route Monopoly and Call for Alternative Oil Outlets to the Strait of Hormuz

Economic and oil experts emphasized the need to invest in Iraq's strategic geographical location to open multiple oil export outlets, warning against total reliance on limited export corridors. Specialists explained that depending on a single maritime outlet to export millions of barrels daily places the national economy at the mercy of escalating geopolitical tensions. They called on government entities to adopt a comprehensive national strategy that includes reviving pipeline projects through neighboring countries and activating economic partnerships that ensure the continuous flow of oil exports away from waterway crises. They asserted that protecting oil revenues, which constitute the main backbone of the state budget, requires proactive decisions to spare the country any potential severe economic repercussions.