Fuel Lifeline: Iraq Extends Oil Deal to Aid Lebanon

Iraq has decided to extend its fuel supply agreement with Lebanon until the end of January. Originally set to expire at the end of October, this extension aims to support Lebanon amid its ongoing energy crisis.

Iraq has committed to extending its fuel supply agreement with Lebanon, providing a crucial lifeline amid Lebanon's energy crisis. The agreement, initially slated to end in October, will now stretch to the end of January, according to two Iraqi oil officials who spoke to Reuters on Thursday.

The extension is seen as a vital measure to stabilize Lebanon's energy resources, as the country grapples with severe fuel shortages. The continuation of this contract underscores the importance of regional cooperation in addressing pressing energy needs.

Lebanon has been heavily reliant on the fuel supplied under this deal, and the extension offers both economic and social relief to the nation. The initial conclusion of the contract was set for October, but this new timeline provides much-needed breathing room for Lebanon's energy sector.

(With inputs from agencies.)