Monday, June 16, 2025
Iraq Is Among The Top 10 Countries In The World In Terms Of Natural Resources.
Iraq Is Among The Top 10 Countries In The World In Terms Of Natural Resources.
Money and Business Economy News – Baghdad Iraq ranked ninth globally among the best natural resources, according to Visual Capitalist, a company that focuses on topics including markets, technology, and energy.
In a report seen by Shafaq News Agency, the company stated that natural resources form the backbone of modern manufacturing and are essential to the production of everything around us.
She added that 10 countries, including Iraq, dominate the global natural resources landscape, each holding vast reserves important for various industries.
The report indicated that Iraq ranked ninth among the world's countries in terms of the availability of natural resources, estimated at $16 trillion, which include oil and phosphate rocks.
Globally, according to the company, Russia leads the world in natural resources, with an estimated value of $75 trillion, including coal, natural gas, oil, gold, timber, and rare earth minerals. The United States is second, with a value of $45 trillion, including coal, timber, natural gas, gold, and copper.
She continued, "Saudi Arabia came in third with a value of $34 trillion, which includes oil and timber, followed by Canada in fourth place with a value of $33 trillion, which includes oil, uranium,
timber, natural gas, and phosphates, followed by Iran in fifth place with a value of $27 trillion, which includes oil and natural gas."
The company noted in its report that China came in sixth place with a value of $23 trillion, which includes coal, rare earth minerals, and timber. Brazil came in seventh place with a value of $22 trillion, which includes gold, uranium, iron, timber, and oil.
She continued, "Australia came in eighth place with a value of $20 trillion, which includes coal, timber, copper, iron ore, gold, and uranium. Iraq came in ninth place, and Venezuela came in tenth place with a value of $14 trillion, which includes iron, natural gas, and oil."
Iraq was ranked among the top ten countries with the most valuable natural resource reserves, in terms of the total estimated value over the past four years.
According to a 2024 Statista report, natural resources are the raw inputs used to make everything we use, from intermediate goods to final products. These resources are found in the ground among reserves that have not yet been extracted.
According to Statista estimates, Russia ranked first, with its natural resource reserves estimated at $75 trillion. This amount includes coal, oil, natural gas, gold, timber, and rare earth minerals.
The United States came in second, with an estimated value of $45 trillion in natural resources, nearly 90% of which is timber and coal.
Iraq ranked ninth, boasting $15.9 trillion in natural resources. Its desert terrain contains oil, natural gas, phosphates, and sulfur, according to the website.
Iraq is OPEC's second-largest producer of crude oil and the world's fifth-largest producer of proven crude oil reserves. Iraq relies on crude oil exports for a significant portion of its revenue. https://economy-news.net/content.php?id=56300
TIDBIT FROM SANDY INGRAM
Sandy Ingram
You cannot exchange foreign currency without your passport [at an international airport]. The amount determines reporting requirements.
The limit is $10,000 per transaction per day. Therefore to exchange $100,000 you would need to exchange currency for approximately 10 days.
The same hold true when activating transaction over $10,000 at your local bank. Many time small foreign currency exchange services will report the transaction [to the IRS] even if it's under $10,000...
Israel–Iran Conflict Could Trigger Economic Maelstrom Affecting Millions
Israel–Iran Conflict Could Trigger Economic Maelstrom Affecting Millions
The ongoing conflict between Israel and Iran threatens to severely disrupt global markets and may cascade into a broader geopolitical and economic crisis. At the heart of this threat lies the Strait of Hormuz, a critical chokepoint for global oil flows, which Iran is considering closing in response to Israeli military actions.
Iran–Israel Conflict Might Upend the World’s Oil Markets
Geopolitical tensions are once again shaking world markets. The confrontation between Iran and Israel, if escalated further, could drastically impact global oil supply, sending prices soaring and reviving oil’s title as “black gold.”
▪️ The Strait of Hormuz, gateway from the Persian Gulf, handles 20% of the world’s oil exports
▪️ Iran is threatening to close the strait in retaliation for Israeli military strikes
▪️ A closure would represent a global energy shock with vast ripple effects on industry and supply chains
According to reports, Sardar Esmail Kowsari, Commander of the Iranian Revolutionary Guard, has declared that Iran would make “the best decision with determination” regarding the potential closure of the Strait.
Security analyst Claude Moniquet warned that this move would be “a disaster for Europe,” impacting energy markets across the globe. A 20% reduction in global oil flow could spark:
A massive spike in oil prices
Disruptions to global supply chains
Industrial slowdowns in Europe and Asia
Oil Already Reacting as Risk Mounts
The markets are already pricing in these geopolitical risks. Since the early bombings:
▪️ Oil futures have surged past $70, reaching as high as $77
▪️ Volatility is expected to increase as conflict risk grows
▪️ Crude oil prices could skyrocket if military escalation shuts down transport routes
The possibility of regional expansion—as other nations act to counterbalance the fallout of a closure—could magnify the economic turmoil, potentially triggering a global recession.
A Global Flashpoint with Far-Reaching Consequences
The ultimate outcome hinges on:
Iran’s willingness to escalate
Its military capacity to block the Strait of Hormuz
The international community’s response to preserve oil flows
While nothing is certain, the risk of an economic chain reaction is substantial. Even short-term disruptions in Hormuz could cause multi-billion-dollar losses, especially in energy-dependent industries.
Bottom Line: The world watches closely as a regional military conflict risks morphing into a global economic crisis. A single act—like the closure of a vital oil corridor—could send shockwaves through financial markets, energy infrastructure, and geopolitical alliances.
@ Newshounds News™
Source: Bitcoin.com
TIDBIT FROM MILITIAMAN
Militia Man
Just because Iraq looks ready, sounds ready, is ready, does the IMF, World Bank, US Treasury, Bank of International Settlements feel they're ready?
...It's about Iraq but it's not all about Iraq...It isn't just Iraq pushing the button.
It's going to have to be something to the effect of that inter-connectivity I've been talking about. They need to be allowed to be able to do that...Bottom line is what we see with all the things collectively to this date shows Iraq is ready...A lot of pressure on everybody to make sure they get it right.
🚨 Breaking: Iraq Crisis, Iran Peace & RV Window Align — Is the Global Reset Finally Here? #iqd
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