Jordan's Aqaba Port Cargo Up 14.3%, Transit Surges 151.8% on Iraq Bound Goods
Published 18 h ago1 sourceEvidence: Reported
Jordan's King Abdullah II and Iraqi President Nizar Amidi reaffirmed commitment to the Basra-Aqaba oil pipeline project, aiming to provide an alternative export route for Iraqi crude bypassing the Strait of Hormuz. The push comes amid heightened tensions in the Gulf, though the project's timeline and capacity remain uncertain. This signals strategic diversification of energy transit routes, reducing dependence on Hormuz chokepoint.
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