• 3 minutes China's aggression is changing the nature of sovereignty.
  • 8 minutes Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 9 minutes US oil facts
  • 16 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 17 hours Europe gas market -how it started how its going
  • 17 hours Amazing!...see article: "Turkmenistan To Close "Gates Of Hell" Gas Fire" by Irina Slav
  • 2 days Russia oil production live month after month starting from November 2021 - official stats from Rosstat agency
  • 2 days Is $100 Crude Bad For US Shale? That's what Oil CEOs Say
  • 9 hours Ukrainian Maidan after 8 years
  • 2 days Nuclear power in Russia
U.S. Natural Gas Sees Its Best Ever Start To The Year

U.S. Natural Gas Sees Its Best Ever Start To The Year

Cold temperatures that have increased…

U.S. Proved Oil Reserves Slip 19% In 2020

U.S. Proved Oil Reserves Slip 19% In 2020

Proved oil reserves in the…

New Iraq-Syria Crossing Could Breathe New Life Into Iran’s Oil Exports

A new border crossing between Iraq and Syria is under construction in an area controlled by Iran-affiliated militias, Fox News reports, citing satellite images revealing construction works at the Albukamal Al-Qaim border crossing.

The news outlet also cited unnamed sources as saying Iran was behind the new crossing—the old one was destroyed during one of the many military clashes in both Syria and Iraq—and it aimed to use it as a smuggling channel to Jordan and the Mediterranean coast.

“Without Syrian or Iraqi supervision, Iran and its allies would have an unprecedented advantage in transferring whatever they wish,” Fox News reported, quoting unnamed experts.

The tightening grip of Washington on Tehran through economic sanctions was bound to cause Iran to look for ways to get its oil across borders, so in this sense, the news about a new border crossing is a hardly a surprise. Yet it has not been established who exactly is building the crossing despite the mention of Shiite militia controlling the region.

These militias are active in more than one part of Iraq and were allies of the government in its war on the Islamic State. This has put Iraq in the difficult position of juggling Iranian and U.S. interests, which was what most likely prompted Baghdad’s initiative to try and mediate a de-escalations, although the chances of it succeeding are pretty slim.

Iran also has ties in Syria: along with Russia it has fought against rebel groups including Al-Quaeda offshoots. Earlier this month, Tehran even resumed crude oil shipments to Syria: TankerTrackers.com reported a cargo of 1 million barrels of Iranian crude was spotted reaching Syria on May 5th. It was the first Iranian oil cargo sent there since the start of 2019.

Iran has also sealed a series of trade deals with Syria, Newsweek recently reported, including one for the management of the Latakia port on the Mediterranean coast.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News