---
title: Iraq just signed 48 DEALS with US companies, including with USA oil giants to bypass the Strait of Hormuz via a new pipeline
description: "Total deals are worth over $60 BILLION, per Reuters. Chevron, ExxonMobil, Shell and more are also involved\n\nThey also involved other industries, including healthcare, communications and infrastructure.\n\nIt’s not clear when the oil deals will be able to create viable alternatives to the Strait of Hormuz, through which about a fifth of the world’s oil flows. \n\nGoldman Sachs estimates that pipelines in just one country take at least two and a half years to build, and these pipelines would travel through two or more nations.\n\nIran has sought to close the Strait repeatedly since the U.S.-Iran war began Feb. 28, causing sharp gyrations in oil and gas prices. Alternatives routes for oil will weaken Iran's main bargaining power. \n\nWill China be the big loser here? \n\nSource: AP, Al Jazeera"
---

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# [Iraq just signed 48 DEALS with US companies, including with USA oil giants to bypass the Strait of Hormuz via a new pipeline](https://blog.syzgroup.com/syz-the-moment/iraq-just-signed-48-deals-with-us-companies-including-with-usa-oil-giants-to-bypass-the-strait-of-hormuz-via-a-new-pipeline)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jul 20, 2026, 3:52:52 PM

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