An economic expert has warned that a complete halt to Iraq’s oil exports would trigger devastating economic repercussions, potentially leading to a severe national financial collapse. Iraq relies heavily on oil revenues, which account for over 90% of its government income. A total export blockade would not only cripple public spending on essential services but also destabilize the national currency and increase inflation dramatically. The expert emphasized that such a scenario could undermine investor confidence and disrupt regional energy markets, given Iraq’s position as a major crude oil supplier within OPEC. Even a temporary suspension could have long-lasting effects on infrastructure development and debt management. Immediate policy interventions would be necessary to mitigate the fallout if such a ban were ever enforced.
— news from Aljeebal
— News Original —
“تداعيات كارثية” وانهيار.. خبير اقتصادي يتحدث آثار فرض حظر كامل على صادرات العراق من النفط
“تداعيات كارثية” وانهيار.. خبير اقتصادي يتحدث آثار فرض حظر كامل على صادرات العراق من النفط Aljeebal