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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Trump's sanctions are coming inevitably.. Will they include Iraqi oil and the dollar?

    Rocky
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    Trump's sanctions are coming inevitably.. Will they include Iraqi oil and the dollar? Empty Trump's sanctions are coming inevitably.. Will they include Iraqi oil and the dollar?

    Post by Rocky Sun 01 Dec 2024, 7:13 am

    Trump's sanctions are coming inevitably.. Will they include Iraqi oil and the dollar?
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    Baghdad Today - Baghdad 
    Economic affairs expert Ahmed Al-Tamimi commented today, Sunday (December 1, 2024), on the possibility of the new US President Donald Trump imposing sanctions on Iraqi oil during the next stage.
    Al-Tamimi said in an interview with Baghdad Today, "The talk about Trump's desire to impose new sanctions on Iran could be true and sanctions could be imposed, but those sanctions cannot include Iraqi oil, because it has no relation to Iran and its support, and the Iraqi state lives on this oil and through it the salaries of employees and retirees and other internal and external financial obligations are paid."
    He added, "Any American sanctions on Iraqi oil will cause major and serious problems in the global oil market, and therefore the hypothesis of sanctions on Iraqi oil is very unlikely and impossible, but Trump may take strict decisions on the issue of dealing in dollars between Iraq and Iran, and other control measures, but he will not come close to imposing any economic sanctions on Iraq under the pretext of fighting Iran."
    With just weeks to go before returning to the White House, Donald Trump and the people tasked with the president-elect's transition are canvassing the views of many on the Middle East, including those who care about Iraq.
    Sources told American newspapers about some of the broad outlines of Trump’s approach, which are not related to Iraq first, but to Iran. They said that Trump and his aides are determined to confront Iran, and the first step will be to prevent Iran from using Iraq to smuggle oil, and to prevent Iran from exploiting the Iraqi banking and financial system to smuggle US dollars. The infiltration of Iranian weapons into Iraq, Syria and Lebanon will also be a direct target for the Americans, and if they do nothing directly in the weapons clause, Trump may open the door wide for Israel to expand its attacks on the Iranians and the factions loyal to them on Iraqi territory.
    On Thursday (November 7, 2024), Bahaa Al-Nouri, a member of the Parliamentary Oil and Gas Committee, said that oil prices and the movement of the global oil market, including Iraq, may witness a change with the arrival of Donald Trump to the White House.
    Al-Nouri told Baghdad Today, "OPEC is currently managing the movement of the oil market in a stable manner and it controls its price globally, but the oil sector may witness a change with the arrival of Trump to power in the United States, and this is what the coming period will witness."
    He added, "The stability of the Middle East will contribute to the stability of oil in Iraq and the region, as foreign policy affects oil, its sale and price, especially since Iraq depends on the sale of oil by 95 percent, and any other problems will lead to a decrease in its prices globally."
    Donald Trump won a new presidential term, making the businessman the second president in history to return to the White House in two terms, breaking a historic achievement that no one has achieved in 136 years, and for America and the world to face an exceptional period during which the world’s number one power is led by an exceptional figure, in light of a Republican majority in the House of Representatives and the Senate.
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