The US relies on Iraqi oil to keep the American economy humming. That's why analysts don't believe Trump will follow through on his threat to punish Iraq with bruising sanctions if US troops are expelled from the country, writes Matt Egan | Analysis
Trump vowed Sunday to hit Iraq with penalties"like they've never seen before" if American troops are forced out on an unfriendly basis. "It'll make Iranian sanctions look somewhat tame," the president told reporters aboard Air Force One.That would be difficult to achieve without lifting already-rising oil and gasoline prices. Iraq is one of the most important oil producers on the planet.
OPEC has room to pump more oil to offset losses from Iraq or elsewhere. The cartel, along with allies like Russia, has been restraining production in a bid to boost prices. However, McNally said OPEC wouldn't be able to compensate for the loss of all of Iraq's production."We'd be out of spare capacity." To be sure, Trump did not specifically mention that US sanctions would target Iraq's oil industry. However, oil is clearly Iraq's most important industry.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
UK urges Iraq to let its soldiers remain in Iraq: PA MediaBritain has urged Iraq to allow its soldiers to remain and continue to fight aga...
Consulte Mais informação »
Iran war protest: 70 US cities rally against Trump airstrikes in Iraq
Consulte Mais informação »
Trump spars with House panel, threatens Iraq and IranPresident Donald Trump tweeted that his social media posts “serve as notification” to Congress that the U.S. will retaliate against any attack from Iran — and the House Foreign Affairs Committee wasn’t having it
Consulte Mais informação »
Global Stocks Drop, Oil Jumps After Trump Threatens Iraq With SanctionsStocks kicked off the week with losses, oil prices rose and gold jumped to a six-year high as an escalation in geopolitical risk in the Middle East reverberated around the world.
Consulte Mais informação »
Trump threatens to slap sanctions on Iraq 'like they've never seen before'Yesterday, Trump threatened to slap sanctions on Iraq after its parliament passed a resolution calling for the government to expel foreign troops from the country.
Consulte Mais informação »