Iraq risks 80% oil revenue loss in renewed Hormuz closure
A renewed closure of the Strait of Hormuz could slash Iraq’s oil revenues by up to 80 percent, threatening government salaries, public services and the dinar, development and investment advisor Mohammed Al-Najjar has warned. Al-Najjar said a prolonged conflict involving Iran could keep crude prices above $100 per barrel, potentially reaching $130. Higher prices would ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.