Thursday, June 19, 2025
Iraqi Minister Warns of $200-300 Oil
Iraq's Deputy Prime Minister and Foreign Minister, Fuad Hussein (pictured), has cautioned that the continuation of Israeli and Iranian military operations may lead to the closure of the Strait of Hormuz, which could result in the loss of up to five million barrels per day of oil exports from the Gulf and Iraq.
He warned that this could drive oil prices to $200-300 per barrel, exacerbating the global inflation crisis and negatively impacting both producing and importing countries, including Iraq.
The Minister made his comments during a phone call with Germany's Federal Minister for Foreign Affairs, Dr. Johann Wadephul.
(Source: MoFA)
Economist: Targeting Oil Facilities Could Raise The Price Of A Barrel To $130
Economist: Targeting Oil Facilities Could Raise The Price Of A Barrel To $130.
Today 12:18 Information / Baghdad.. International economics professor Nawar Al-Saadi warned on Tuesday that an escalation in military tensions between Iran and the Zionist entity, with the exchange of strikes shifting from limited scope to direct targeting of vital infrastructure, could push the world toward one of the most serious economic crises in decades.
Al-Saadi told Al-Maalouma News Agency that "the targeting of a gas platform by the Zionist entity and Iran's response by bombing a refinery in Haifa represent a dangerous indicator of the potential outbreak of a strategic assets war in which energy facilities, including oil and gas, become key targets in the conflict."
He added that "global energy security will be the first to pay the price," noting that "the Strait of Hormuz, over which Iran has geographic control, passes more than 25% of global oil exports."
He explained that "any actual threat to this vital waterway, whether through closure, bombing, or naval mines, would cause a market shock that could send oil prices to nearly $130 per barrel if navigation were partially disrupted."
He explained that "this price jump will put significant pressure on the economies of importing countries, particularly in Asia and Europe, and will push toward a new global inflationary wave
that could weaken purchasing power and lead to an economic slowdown that could reach the point of recession if the conflict continues."
He pointed out that "the repercussions of the escalation will impact global supply chains,
particularly in the transportation and heavy industry sectors, due to rising fuel and logistics costs,
which threatens a shortage of basic commodities and a decline in global production."
He stressed that "the Gulf states will not be immune from the impact, despite their relative distance from the geography of the confrontation," noting that their energy facilities remain vulnerable to potential missile or electronic attacks, which would deepen the supply crisis.
As for Iraq, he noted, "The impact will be twofold.
While it may benefit in the short term from higher oil prices,
it could face a real problem if the Strait of Hormuz is closed or export routes are disrupted,
particularly given the Ceyhan pipeline's closure and its current reliance on the Gulf as the sole conduit for its oil exports."
He concluded by saying, "The transformation of the conflict into a full-scale war on energy infrastructure will not remain confined to its security or political scope, but may cause a global economic shock deeper than that caused by the Ukraine war, with the potential to redraw the map of alliances and centers of economic influence in the world." End 25/S
https://almaalomah.me/news/101672/economy/اقتصادي:-استهداف-منشآت-النفط-قد-يرفع-سعر-البرميل-إلى-130-دول
STATUS OF THE RV , PART 3 BY MNT GOAT
STATUS OF THE RV , PART 3
Meanwhile the peanut-head idiot and former 8 year looser prime minister of Iraq, Nori Al-Maliki, is trying desperately to stir up the beehive and get Iraq physically involved in this conflict. I quote “He frames Iran-Israel conflict as battle between ‘path of Ali’ and ‘Zionism’ “. Why don’t they just get rid of this idiot altogether?
I was told the “days of appeasement” of Iran are over, according to President Trump. I was also told that Americans are sick and tired of the status quo created by the Obama administration with Iran.
This was done as an orchestrated plan to siphon money out of Iraq for Iran with bribes/payoffs going to U.S. Congressmen and Senators. We all should know by now how they were doing this scheme. Today under president Trump Americans want real change at home and in the middle east and in Iraq, as do other foreign countries. The momentum of the destruction of the Khamenei regime is underway. As usual they have been waiting for the U.S. with Israel to lead in these changes.
There are also very interesting news articles coming from Iraq. Also news from the political side of Canada and the U.S. The deep state and democrat (communist) party is in a state of panic and without any real leadership. It is falling very quickly now. God promised that His Hand would strike the wicked and so it is.
Stay tuned for the rest of RV news…..
I hope I can continue to bring the Newsletter to you. But first let’s take some time to consider showing some consideration for the month of June for all my hard work. If you have not done so already, please consider a monthly appreciation. There are some interesting new articles to talk about and the future of this effort.
A Parliamentary Bloc Calls For A Permanent Meeting Of The Crisis Cell To Address Developments In The Region.
A Parliamentary Bloc Calls For A Permanent Meeting Of The Crisis Cell To Address Developments In The Region.
Tuesday, June 17, 2025, | Politics Number of reads: 210 Baghdad / NINA / The parliamentary opposition bloc criticized what it described as the absence of representatives of the blocs representing the governorates from the emergency session to discuss the violation of Iraqi airspace, while demanding a permanent convening of the crisis cell to address any developments in the region.
The head of the bloc, MP Amer Abdul Habbar, said in a press conference on Tuesday, that "the session held to discuss the violation of Iraqi airspace did not achieve quorum, as the number of attendees reached only 75 representatives,
and there were no representatives of the Kurdish blocs, the blocs of the central and southern governorates, and the blocs of the western governorates, but rather the presence of only individuals to discuss a sensitive issue that affects the country's sovereignty, security and stability."
He added, "Since last year, we have submitted an official request to form a secret operations room headed by the Commander-in-Chief of the Armed Forces and with the participation of all security agencies and formations, including those affiliated with the security services and those not affiliated, for the necessity of having a national decision that takes into account the interest of Iraq, and spares the country the risk of entering into military and security conflicts." https://ninanews.com/Website/News/Details?Key=1234931
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