The IQD is holding strong at 1390 to $1. However Iraq’s oil production is collapsing…This is a global crisis. Oil prices are moving to and above $100 per barrel…Oil production from Iraq’s major southern fields have collapsed by about 70%…The ongoing conflict in the region has blocked oil shipments through the Strait of Hormuz... Without that shipping route Iraqi Crude has nowhere to go…This is a mess. I have no doubt this is going to affect Iraq’s economy seriously if the conflict doesn’t come to an end soon. :Sandy Ingram
