WS #11846
Ceasefire collapses, Iran rejects talks, but US-Iraq-Syria plan to revive Kirkuk-Baniyas pipeline to bypass Hormuz, countering oil supply disruption. UAE hits record oil production after leaving OPEC; IEA sees demand recovery but warns Gulf stability is key.
US-Iran Crisis Escalation & Pipeline Counter-Signal
Ceasefire collapses, Iran rejects talks, but US-Iraq-Syria plan to revive Kirkuk-Baniyas pipeline to bypass Hormuz, countering oil supply disruption.
UAE hits record oil production after leaving OPEC; IEA sees demand recovery but warns Gulf stability is key.