Iran war squeezes Iraq’s economy as oil revenues fall and prices rise - Al Jazeera
Source: Al Jazeera
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DW NOTE
Iraq's oil revenues are falling while it watches Iranian crude shipments resume under escort through the Strait. Baghdad gets the inflation without the windfall — a grimly typical outcome for an economy sandwiched between a war it didn't start and supply routes it doesn't control.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
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The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu