• 3 minutes In a Nutshell...
  • 5 minutes CV19: New York 21% infection rate + 40% Existing T-Cell immunity = 61% = Herd Immunity ?
  • 7 minutes Australian renewables zone attracts 27 GW of solar, wind, battery proposals
  • 9 minutes Why Oil could hit $100
  • 12 hours COVID is real now
  • 1 day Is Biden the poster child for White Privilege ? DNC needs to replace him now before it's too late.
  • 20 hours The Boris Yeltsin of America
  • 15 hours Where is Alberta, Canada headed?
  • 1 day Why Putin is popular in Russia
  • 8 hours Is The Three Gorges Dam on the Brink of Collapse?
  • 10 hours Joe Biden offers advice to correct the public health
  • 15 hours There Has Been No Trump Manufacturing Boom Even Before Covid
  • 1 day Fauci: "USA will soon have 100K new cases per day". Trump re(p)-lies: "The problem has been fixed"

Breaking News:

Oil Climbs On Major Crude Draw

New Tech Puts Lithium Batteries Back In The Energy Storage Race

New Tech Puts Lithium Batteries Back In The Energy Storage Race

New research suggests that nano-engineering…

Oil At A Crossroads As COVID-19 Infections Surge

Oil At A Crossroads As COVID-19 Infections Surge

Soaring U.S. crude inventories and…

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

Oilprice - The No. 1 Source for Oil & Energy News