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Oil Plunges 4% After Bessent Says Deal to Reopen Strait of Hormuz Is Imminent
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Opinion
OpinionIraq on the Brink of Economic Collapse
BAGHDAD (Realist English). Iraq – one of the world’s leaders in oil reserves – finds itself on the verge of systemic collapse. The blockade of the Strait of Hormuz, triggered by the US‑Iran war, has slashed hydrocarbon exports by more than half, depriving the budget of critical foreign currency revenues. Against this backdrop, domestic debt, corruption, […]
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