exports

BERLIN: Iraqi Prime Minister Ali al-Zaidi said on Tuesday that he discussed selling oil to Europe during visits to France and Germany, as Baghdad seeks to diversify its export routes and reduce its reliance on the Strait of Hormuz.

During a press conference with German Chancellor Friedrich Merz in Berlin, Zaidi said “we want to expand and diversify our export routes”.

He added that “Iraq cannot remain hostage to a single corridor” as recent events have demonstrated, referring to the Strait of Hormuz, which has been blockaded by Iran during the Middle East war.

Zaidi said that he had discussed oil exports to Europe with Merz and French President Emmanuel Macron, whom he met in Paris on Monday.

Crude oil sales account for nearly 90 percent of Iraq’s revenue but its exports have been hurt by the outbreak of the Middle East war between Iran and the United States.

Before the war began in February, Iraq produced around four million barrels per day, and exported an average of 3.4 million bpd, mostly via Hormuz.

Most of its oil exports go to East Asia, with China and India its largest buyers.

Due to the disruption, Iraq began exporting crude using tanker trucks through Syria, as well as through a pipeline to the Turkish port of Ceyhan, although these routes can handle only a fraction of its usual sea-bound trade.

Zaidi said that Baghdad could “double its oil exports through the Mediterranean” to supply markets in Europe and the United States.

Zaidi, who hopes to increase Iraq’s oil production to 10 million barrels per day, said that “a large share, or nearly half, can go to European countries and the West”.

He said that Iraq and Germany were expected to reach “an understanding on the export of crude oil” while Baghdad would purchase German technology and equipment.

Merz said that the main focus for Iraqi-German cooperation is the economy.

“Many German companies are now active in Iraq. They are developing new solutions, for example for energy supply,” he said, adding that “the best example is an agreement on Iraq’s electricity supply, which we will sign today”.

Merz also expressed his concerns after Yemen’s Houthis cemented their control over the Bab al-Mandab waterway at the entrance to the Red Sea, a vital route for Saudi oil exports.

“This further exacerbates the situation on the energy markets, and also affects Germany,” he said.

Caracas, September 14, 2026 (venezuelanalysis.com) – The US Department of Agriculture’s (USDA) Foreign Agricultural Service announced a package of measures to boost US agricultural exports to Venezuela amid growing concerns about the South American country’s national production.

According to the USDA, the plan will facilitate Venezuelan corporations’ purchase of US food products and agricultural commodities through government-backed credit and will include the delivery of food assistance and training for Venezuelan technicians.

“The Trump administration is committed to Venezuela’s economic prosperity, and USDA is leveraging its export financing, market development programs, technical scholarships, and food assistance initiatives to address this situation,” said Under Secretary for Trade and Foreign Agricultural Affairs Luke J. Lindberg.

Lindberg added that he “looks forward to positioning US agriculture to help meet needs and build lasting trade relationships.” The US official visited Venezuela as part of an official delegation in early July.

Washington’s credit program for food exports will be provided through the reactivation of the GSM-102 guarantee program. The mechanism offers guarantees to exporters that reduce the risk for financial institutions backing the transactions in case importers fail to meet their commitments. 

The Agriculture Department also announced that it will lift restrictions to allow foreign banks to back Venezuela-related transactions.

A USDA report had already estimated that Venezuela would need to import 1.5 million metric tons of wheat during the 2026-2027 marketing year. Corn and soybeans are likewise identified as key staples to be exported to the Caribbean nation. The latest initiative 

The Trump administration also lifted restrictions under its Feed the Future Agricultural Resilience Mission Initiative and plans to include Venezuela in a regional agribusiness trade mission scheduled for early 2027.

A bigger influx of US farm products will place an additional strain on Venezuelan food production, with local campesinos increasingly protesting against imports from agribusiness corporations that seek to drive crop prices down.

On September 9, rice growers from Guárico and nearby states organized a “tractorazo,” blocking a major highway in Calabozo with trucks and tractors to demand that the government halt the entry of imported rice during the domestic harvest season and ensure that agroindustrial companies adhere to established prices.

Protesters complained that imports from countries where food production is subsidized, including the US, create unfair competition and risk driving Venezuelan campesinos bankrupt. The latest mobilization was sparked by the reported arrival of a shipment of 355 thousand tons of rice, more than half of the Venezuelan production in 2025. 

Rural organizations have likewise denounced the exoneration of tariffs and import taxes as another factor putting national production at a disadvantage. Venezuelan authorities, including the National Assembly and the Agriculture Ministry, have vowed to review the import issue but have offered no measures to date.

In the Calabozo protest, producers denounced that imported rice had saturated silos and storage facilities during the 2025-2026 winter-summer crop cycle, forcing them to sell below production cost or lose their crops altogether. Demonstrators demanded a $0.25-per-kilogram subsidy from the state to compensate for the losses incurred and vowed to take the protests to Caracas if they receive no response from authorities.

The September 9 “tractorazo” was the latest in a series of mobilizations in recent months in Venezuela’s main agricultural states. Rice growers have complained about high fuel and input costs and urged the government to establish and enforce fair crop prices. 

According to agriculture lobby FEDEAGRO, more than 2.2 million metric tons of white corn, yellow corn, and rice have entered the country so far in 2026, more than triple the recent combined high of 709,000 metric tons in 2023.

“We cannot continue depending on a neighbor’s pantry. That is a failure. In Venezuela, we have the land, a committed agricultural sector, and people investing in farming, but excessive imports place us at a dramatic disadvantage,” stressed FEDEAGRO President Osman Quero.

Quero stressed that foreign producers have access to credit programs, fuel and fertilizer subsidies, and better infrastructure, while Venezuelan farmers face inflation and a lack of financing programs.

Edited by Ricardo Vaz in Lisbon, Portugal.

Saudi Arabia on Friday announced it had to temporarily shut down the key east-west pipeline after drone attacks on Thursday from an Iranian-backed militia group in Iraq. As we have explained in the past, the Kingdom has diverted millions of barrels of oil per day through pipelines to its Yanbu port on the Red Sea in an effort to minimize the energy shortages due to hostilities near the Persian Gulf that have closed the Strait of Hormuz. 

The pipeline was shut down a day after the Houthi rebels of Yemen increased their control over the crucial Bab al-Mandab Strait (BAM), a narrow body of water separating the Red Sea from the Gulf of Aden. Combined with Iran vastly curtailing shipping through the Strait of Hormuz, this gives Tehran significant control over two of the world’s most crucial passageways for the flow of oil.

“The East-West pipeline, in the regions of Riyadh and Medina, was subjected to several attacks on Thursday morning, September 10, 2026,” Saudi Arabia’s Energy Ministry posted on X. “The line was shut down as a precaution. The attacks resulted in some injuries, and medical care has been provided to those injured.”

“Emergency teams and specialized technical teams began work immediately after the attacks occurred, and took the necessary measures to secure the line and verify its safety, in accordance with approved safety procedures and emergency plans, and in coordination with relevant authorities,” the ministry added. “Any updates will be announced in due course.”

Showing the complexity of this situation and the high degree of coordination among various Iranian-backed proxies, the Saudi Ministry of Foreign Affairs accused Iranian proxies in Iraq of carrying out the attack. The Kingdom subsequently said it would hold off on responding to “give the brotherly Iraqi government an opportunity to take the necessary measures to prevent attacks launched from Iraqi territory against the Kingdom and neighboring countries,” according to the Arab News.

Officials in Baghdad quickly responded to that request, firing a regional commander overseeing operations where the attack was launched from.

“The Prime Minister, the Commander-in-Chief of the Armed Forces, Mr. Ali Falih Al-Zaidi, directed the formation of an investigative committee regarding the Maysan Operations Command,” the Iraqi Prime Minister’s Office announced on X. “His Excellency ordered the dismissal of the Operations Commander from his position, following confirmation that the attacks targeting the brothers in the Kingdom of Saudi Arabia were launched from one of the sites within the province.”

On Friday, the Houthis acknowledged that they captured new stretches of Red Sea coast from the Saudi-backed factions they’ve been battling. This includes the port of Mokha and the key islands of Perim (also known as Mayun) and Zuqar.

In a quick recap of what’s changed, the port provides a potential new surveillance and launching point for the Houthis. From here they can deploy mines, standoff weapons, as well as uncrewed surface vessels (USVs) that can be used to attack shipping. The islands give the Houthis a presence in the middle of shipping lanes. This is especially true for Perim, which sits in the narrowest part of the BAM, less than two miles west of Yemen and about 13 miles east of Djibouti, giving the Houthis a commanding presence at the mouth of the Red Sea. Its position could even allow Houthis to launch attacks on shipping using lower-end munitions, such as anti-tank guided missiles and even rocket artillery.

However, maintaining a major military presence on these islands would be a challenge logistically, especially should the U.S. or its allies attack positions there. You can read more about how the fall of the islands unfolded in our report here.

As they swept through the coastal region, the Houthis captured a treasure trove of U.S.-made Oshkosh M-ATV mine-resistant vehicles, pickup trucks mounted with heavy weapons, artillery pieces, and large quantities of ammunition and small arms abandoned by retreating National Resistance and Giants Brigade forces.

Iran, which has held off on getting the Houthis directly involved during Epic Fury, has now played its hand and is putting the Houthis in a better position to close the strait than ever before. This was always a ‘sum of all fears’ scenario for oil exports from the Middle East and now Iran could put maximum pressure on the United States and the world to end the conflict in their favor, with oil potentially being cut off from both the Red Sea and the Persian Gulf.

Still, on Friday, the Houthis tried to allay those concerns, promising they would limit their control of the BAM to just Saudi vessels. 

“The Yemeni armed forces confirm that maritime navigation is safe for all companies, except for Saudi Arabian ships, which have previously been placed under a ban,” Houthi spokesman Brig. Gen. Yahya Saree proclaimed. “We are continuing to uphold the equation of blockade with blockade, striking enemy Saudi Arabian troop concentrations, and escalating in response to their actions, until the aggression ceases and the blockade is lifted from our dear people.”

Their rationale is that this campaign is all about defending against attacks by the Saudis and their proxies.

The conflict between Saudi Arabia and the Houthis grew out of a civil war in Yemen that erupted in 2014. It expanded a year later when a Saudi-led coalition joined forces with the government ousted by the Houthis and raged on until the parties reached a tenuous ceasefire in 2022. Tensions, however, reignited after that conflict ended when the Houthis joined the U.S.-Iran conflict on the side of their major supporter. In addition to a blockade on Saudi shipping, the Houthis began striking Saudi refineries and other oil infrastructure, including pipelines near the coast.

Houthi assurances about their intentions have meant little in the past. In 2023, when they launched their earlier campaign against Red Sea shipping, the Houthis also claimed a narrow rationale. They said they were doing so on behalf of Palestinians being killed during the Israel-Hamas war. The reality turned out to be that the Houthis were striking even ships not connected to Israel. This ultimately led to the U.S. and allies deploying warships to protect commercial vessels, battles with the rebel group on the water and a campaign of airstrikes on Houthi land targets.

It should be noted that the Saudis held off on getting involved that fight.

Amid all this, the per-barrel price of Brent crude rose to more than $109 yesterday, but was back down to $104 today, according to OilPrice.com.

We have long suggested that the U.S. could get pulled back into a new conflict with the Houthis. Now the rebel group’s rapid defeat of the Saudi-backed forces has reportedly already led to an American role in that fight.

“More than 100 US military advisers are on the ground in Saudi Arabia providing intelligence and targeting support to the Kingdom in its military campaign against the Iran-backed Houthis in Yemen,” CNN reported on Thursday, citing multiple sources familiar with the effort. “The US military personnel are working as part of a newly-established joint forces command, which was formed in recent weeks amid signs Iran was ramping up its own efforts to aid Houthi attacks against Saudi Arabia, one of the sources, a US official, said. That official put the total at roughly 200 troops.”

Still, there are limits on the U.S. role.

“The US is sharing intelligence with Saudi Arabia — as it routinely does already — but it is not participating directly in strikes,” CNN noted. “The US is also not helping refuel Saudi warplanes or providing other operational support, as it has in past fighting with the Houthis.”

Then-Defense Secretary James Mattis ended that in 2018 during the first Trump presidency after growing concerns over the large number of civilian casualties being inflicted. The Saudi coalition’s fight against the Houthis also complicated the U.S. counterterrorism campaign against Al-Qaida in the Arabian Peninsula (AQAP).

CENTCOM commander Adm. Brad Cooper “flew to the kingdom overnight Thursday as Yemen’s Riyadh-backed forces crumbled in the face of a lightning Houthi offensive southward along Yemen’s western coast this week,” Al-Monitor reported. “He was expected to meet with top Saudi officials as they seek to consolidate the battered military effort by forces aligned with Yemen’s government.”

Trump, as we noted at the top of this story, has already declined to intervene kinetically.

“Saudi Crown Prince Mohammed bin Salman (MBS) called President Trump twice Thursday, urging him to launch strikes against the Houthis as the Iran-backed group closed in on a vital Red Sea chokepoint,” Axios reported, citing two U.S. officials. “Trump declined, and U.S. officials stressed the administration has no plans to intervene directly against the Houthis for now.”

Asked if the U.S. would take direct military action against the Houthis, a senior White House official didn’t rule it out but said it is currently relying on regional partners to carry the burden. 

“The United States is focused on protecting our core national security interests—such as ensuring freedom of navigation in the Red Sea—while empowering our regional partners to take the lead in managing and resolving regional security challenges,” the senior official told us. “We are in continuous dialogue with Saudi Arabia and the Republic of Yemen Government regarding regional stability.”

The war against Iran and the ongoing mission to try to protect freedom of navigation in the Strait of Hormuz have already strained the U.S. military. There have been 18 troops killed, more than 800 wounded and wide scale destruction of U.S. bases and equipment. U.S. commanders have warned that the ongoing conflict is unsustainable without deeply degrading America’s ability to respond to other contingencies. How much the U.S. could commit to a fight against the Houthis is an open question, especially if the Iran war spun-up again. During the Red Sea operation, at times two carrier strike groups and many other assets in the air and on the sea, were needed to sustain that operation.

“A second front potentially adds more U.S. military risk as we try to sustain a military that has been involved in a protracted deployment to support our economic pressure-focused strategy,” former CENTCOM commander Joseph Votel told us on Friday. “The U.S. can do just about anything, but it will be a choice that will impact sustainment, create longer-term deployments and impact other national security priorities.”

Contact the author: howard@twz.com