Why Turkey plans to end its 52-year oil pipeline deal with Iraq

The Turkish government issued a decree late on Sunday to terminate a 52-year-old oil pipeline agreement with Iraq that facilitated the flow of crude between the two countries, effective July next year. The pipeline has not transported oil for more than two years.

What happened: The decree, issued in the Official Gazette and signed by Turkish President Recep Tayyip Erdogan, said that the 1973 Turkey-Iraq Crude Oil Pipeline Agreement — and all subsequent negotiated accords — would be…