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[size=52]Economist explains the impact of regional tension on Iraqi oil exports[/size]
- Today 10:38
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Information/Baghdad...
Economic expert Safwan Qusay accused America and the Zionist entity of creating tensions in the region and affecting oil exports.
Qusay told Al-Maalouma, "Oil prices have fallen to $77 per barrel, but the value of the decline is less than the decline in the value of stocks."
He added, "There is a fear of the expansion of the circle of conflict in the region, especially since Iran is a large country and the process of its entry into a conflict in the Middle East requires time and funding. Certainly, the American economy will shift from a development zone to a war zone, which will affect industrial and technological companies."
He added, "Oil supplies will be affected in the event of a comprehensive war in the Strait of Hormuz, as exports from this region represent 20 percent of the world's oil exports."
He explained that "the Strait of Hormuz represents a pivotal point, as any conflict in this strait will negatively affect Iraqi oil exports as well as revenues." He explained that "Iraq has a reserve at the level of the Central Bank that can finance operating expenses for no less than 360 days only." End 25N
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Economic expert Safwan Qusay accused America and the Zionist entity of creating tensions in the region and affecting oil exports.
Qusay told Al-Maalouma, "Oil prices have fallen to $77 per barrel, but the value of the decline is less than the decline in the value of stocks."
He added, "There is a fear of the expansion of the circle of conflict in the region, especially since Iran is a large country and the process of its entry into a conflict in the Middle East requires time and funding. Certainly, the American economy will shift from a development zone to a war zone, which will affect industrial and technological companies."
He added, "Oil supplies will be affected in the event of a comprehensive war in the Strait of Hormuz, as exports from this region represent 20 percent of the world's oil exports."
He explained that "the Strait of Hormuz represents a pivotal point, as any conflict in this strait will negatively affect Iraqi oil exports as well as revenues." He explained that "Iraq has a reserve at the level of the Central Bank that can finance operating expenses for no less than 360 days only." End 25N
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