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Expert confirms the sensitivity of Iraq's position after the Trump decision to stop the exemptions related to Iranian oil
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Oil expert Hamza al-Jawahri confirmed on Sunday the sensitivity of the situation in Iraq after Trump's decision not to renew exemptions related to Iranian oil.
US President Donald Trump has decided not to renew Iranian oil exemptions at the end of May.
The White House said in a statement that Saudi Arabia, the UAE and other allies of Washington will be able to fill the vacuum left by the absence of Iranian oil.
Al-Jawahiri said in an interview with "Economy News" that "Iraq is committed to the decisions of OPEC in terms of increasing production or not, pointing out that he does not want to be in confrontation with the decisions of OPEC and the United States, being the top of the issue of reducing world oil prices, Iraq) does not want to "anger Iran."
"Iraq does not take an individual decision to increase production to compensate for the shortage of oil supplies, whatever the reasons, because it respects the collective decision of OPEC, which seeks to strengthen its unity and strength and cohesion in the global markets and work to stabilize the world oil markets and obtain fair prices for producers and consumers Both".
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