Iraq's Basra Corridor aims to rewrite Gulf trade amid Hormuz tensions
TL;DR Summary
Amid Strait of Hormuz tensions, Iraq’s $24 billion Development Road is gaining momentum, with Basra emerging as a key overland transit hub that could reduce Tehran’s leverage and link the Gulf with Turkey and Europe; Phase 1 began in 2025 and is targeted for 2028 completion, signaling a potential shift in regional trade and energy logistics alongside parallel Gulf infrastructure projects.
- Hormuz crisis spurs $24B Iraq trade corridor as Gulf routes shift Fox News
- Iraq plans to export oil to Red Sea through multi-directional pipeline project rudaw.net
- Beyond Hormuz: Can Iraq’s ‘Development Road’ become a strategic corridor? Amwaj.media
- Iraq Eyes $4.6B Pipeline to Jordan to Boost Export Capacity Amid Strait of Hormuz Closure Pipeline Technology Journal
- IEA Chief Backs Iraq–Turkey Oil Pipeline to Bypass Hormuz Risks paturkey.com
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