Iraq is not a war-torn backwater. It is one of the most resource-rich territories on earth. 145 billion barrels of proven oil reserves. The fifth-largest proven reserves on the planet. A $17 billion trade corridor under construction connecting the Gulf to Europe – the Development Road project, running from Basra through Iraq to Turkey. Iraq accumulated $40.8 billion in US Treasury bonds in twelve months – a 74% increase from $23.4 billion at the end of 2024. CBI foreign reserves exceed $115 billion. A country does not build that much liquid firepower that fast without knowing what it is about to need it for. :Reset Intelligence
