Turkey reached an agreement with Iraq to extend an expired oil pipeline deal by one year and increase flows through it, ensuring supply through an exports route that bypasses the Strait of Hormuz.

Iraq will sign an agreement with Syria on the construction of pipelines linking oil production sites to global export markets via the Mediterranean, according to a statement.

Iraq said it continues to load oil onto tankers at its Basrah export installations in the Persian Gulf and that no damage had been sustained to a vessel while it loaded there.