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Chevron, ConocoPhillips advance Iraq's Hormuz alternatives
Chevron, ConocoPhillips advance Iraq's Hormuz alternatives
Oil agreements have been announced or are expected to be signed on Friday, toward the end of Iraqi Prime Minister Ali Al-Zaidi's visit to the United States.
Jack Dutton
Jul 17, 2026
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This aerial photograph shows the Nahr Bin Umar Oil and Gas Field on the outskirts of the southern Iraqi city of Basra on April 29, 2026. — Hussein FALEH / AFP via Getty Images
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Several foreign oil majors have signed or are negotiating deals with Iraq this week to expand the country's oil sector and develop export routes that bypass the Strait of Hormuz, the Gulf chokepoint where traffic has been severely disrupted by the US-Iran war.
The agreements have been announced or are expected to be finalized Friday, toward the end of Iraqi Prime Minister........
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