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The Independent UK
The Independent UK
World
Christopher Rugaber and Qassim Abdul-Zahra

US oil firms sign deals with Iraq to develop alternative shipping routes

US Iraq Business Summit - (Copyright 2026 The Associated Press. All rights reserved.)

U.S. companies signed roughly $60 billion in agreements and partnerships with the Iraqi government Friday, including deals intended to create alternative routes for shipping oil out of the Persian Gulf.

The deals, signed at the U.S. Chamber of Commerce, also involved other industries, including healthcare, communications and infrastructure.

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