Iraq & Roger Bootle

Iraq: Iraq's oil exports are constrained by the Hormuz closure, reducing revenues. It is seeking alternative pipeline routes and has signed agreements with US firms to boost energy infrastructure.

Roger Bootle: Roger Bootle provides economic analysis, but is not directly affected.

Iraq: Iraq>>> has been involved in oil export deals with Iran>>> and has seen drone attacks on Saudi Arabia>>> reportedly originating from its territory.

Roger Bootle: Analysts at Roger Bootle warned about the rapid draining of global oil inventories due to the Strait of Hormuz closure and predicted high oil prices and inflation.

Iraq: Iraqi Muslim women protested against US and Israeli attacks on multiple cities across Iran.

Roger Bootle: Roger Bootle, through its chief commodities economist David Oxley, provided an analysis suggesting oil prices will only trend lower when market fundamentals improve, likely stretching into 2027.

Iraq: Iraq's Umm Qasr port was the site of an attack on an Oman Shipping Company vessel, indicating the spillover of the conflict into its territory. This highlights the broader regional instability affecting its infrastructure and trade.

Roger Bootle: Analysts at Roger Bootle warned about the rapid draining of global oil inventories due to the Strait of Hormuz closure and predicted high oil prices and inflation.