In early August 2026, Baghdad and Ankara signed a new one-year agreement to ensure the continuation of oil exports through the Kirkuk-Ceyhan pipeline. This deal comes as both nations seek to reinforce their economic and energy relations. Due to ongoing disruptions and tensions in the Strait of Hormuz, this pipeline has become Iraq's sole strategic export route to the Mediterranean Sea. Consequently, the geopolitical and economic significance of the route has increased substantially for both countries. Furthermore, Turkish investments in Kirkuk have expanded, with the Turkish Petroleum Corporation (TPAO) acquiring a 15% stake in the Kirkuk oil field development project, marking a key milestone in bilateral energy cooperation [Source](https://www.google.com/search?q=)