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Real-time News
July 15th - The United States is advancing negotiations on an oil pipeline that would bypass the Strait of Hormuz and transport oil from Iraq to Syria, thereby reducing Irans future influence on global energy supplies. According to sources, Thomas Barak, the US Special Representative for Syria and Iraq, has convened officials from both countries, as well as businesses including Chevron, to discuss restarting a long-dormant pipeline from Iraq to the west coast of Syria. While several new route options are being considered, the talks focused on rebuilding the Kirkuk-Banias pipeline, which has been out of service for over two decades. A State Department official confirmed that the US government is supporting Iraq and Syria in repairing the pipeline between the two countries to broaden trade routes and expects US companies to play a significant role in its construction. Earlier on Tuesday, Trump met with the Iraqi Prime Minister at the White House and indicated that a "large-scale" new oil cooperation agreement would be announced this week or next.Iranian Deputy Foreign Minister: The Strait of Hormuz is part of Irans national security.Federal Reserve Governor Bowman: The Federal Reserve should not micromanage banks on issues such as artificial intelligence.Iranian Revolutionary Guard: As long as the United States continues its "evil operations" in the region, there will be no oil or gas exports from the region.Federal Reserve Governor Bowman will speak at the Fed’s annual financial inclusion conference in ten minutes.
