Economics expert Safwan Qusay claimed that the United States and the Zionist organization were working on manipulating oil exports to cause tension in the region.
“Oil prices have dropped to $77 per barrel, but the value of the decline is less than the decline in the value of stocks,” Qusay said in an interview.
He added, “There is a fear of the expansion of the circle of conflict in the region, especially since Iran is a large country and the process of its entry into a Middle Eastern conflict requires time and funding.” No doubt, the American economy will shift from being a development zone to a war zone, which will undoubtedly affect technological and industrial businesses.
“Should there be a total war in the Strait of Hormuz, oil supplies will be impacted because exports through the region account for 20% of the world’s exports of oil”, he further said.
He made sense of that “the Strait of Hormuz represents a strategic point, as any dispute in this strait will negatively affect Iraqi oil exports as well as revenues.” He made sense of that “Iraq has a reserve at the level of the Central Bank that is capable to finance operating expenses for around 360 days only”.
