Turkey and Iraq Move to Keep Critical Oil Export Route Alive

Iraq just bought itself another year. Turkey and Iraq are expected to sign a 12-month extension of the agreement governing the Iraq-Turkey crude oil pipeline within days, preventing a July 27 expiration that threatened one of Baghdad's few remaining viable oil export routes. Turkish Energy Minister Alparslan Bayraktar said the agreement is in its final stages and will ensure crude continues flowing from Iraq to the Mediterranean export terminal at Ceyhan. It's only a one-year extension, but right now that's enough. Before the Iran war, the pipeline…