[Curious about Saudi’s hesitation to ship oil through the straight and the sabre rattling with Iran and the US. Could these issues cause a set back for Iraq any potential RV ? Reason being is the sanctions on Iran and there possible hoarding of dinars. …I just don’t see this as being a good thing at the moment.]
Saudi Arabia has a major influence, but they don’t control global shipping routes unilaterally. Any pushback, from ANYwhere, that hinders Iraq and their business (OIL), is probably good for us because it encourages Iraq to move forward on their issues (HCL, GOI, everything). On that note, we can see that a potential negative factor can easily lead to a positive result.