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Tuesday
November 10, 2026
The Port Journal

The Truth Behind Iraq’s Oil Rebound And The Secret Red Sea Plan

No country aside from Iran itself has felt the economic consequences of the U.S./Israel-Iran war more than Iraq. Over 90 percent of its annual budget historically comes from oil and around 95 percent of…

1 min read
The Truth Behind Iraq’s Oil Rebound And The Secret Red Sea Plan
Photo: OilPrice.com

Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for…

Iraq is relying on costly and vulnerable export workarounds, including trucking, northern pipelines and ship-to-ship transfers to bypass disruptions in the Strait of Hormuz.

This story was originally published by OilPrice.com. Read the full story at OilPrice.com →

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