Once seen as a relic of a bygone era, the Kirkuk–Tripoli pipeline is rapidly re-emerging as a strategic asset in today’s shifting energy landscape. As disruptions in the Persian Gulf—particularly at the Strait of Hormuz—threaten global oil flows, Iraq faces an urgent need for alternative export routes. This briefing note examines how reviving the Tripoli corridor could provide a critical outlet for Iraqi crude while offering Lebanon a rare opportunity to restore its economic relevance and position itself as a key player in regional energy security.