Washington Draws a Line for Iraq’s New Leader
Oil Dominance Keeps Growing Despite Lower Prices James D.
Durso is the Managing Director of Corsair LLC, a supply chain consultancy.
In 2013 to2015, he was the Chief Executive Officer of AKM… Iraq’s new prime minister, Ali Al-Zaidi, will meet U.S.
President Donald Trump in Washington, D.C.
on 14 July - shortly after America’s Independence Day on July 4th.
Trump will no doubt highlight America’s struggle for independence and will press Al-Zaidi to make Iraq independent of Iran, but is Trump ready for an Iraq that is independent of America? It’s a good question because the same day the White House released the terms of the 14-point U.S.-IranMemorandum of Understanding(MOU),The New Arabreported theU.S.
deliveredto Iraq “a series of political, economic and security conditions that the Iraqi government must meet in exchange for US support and to avoid what one official described as ‘major sanctions.’ ” Thus, the U.S.
is threatening sanctions on Iraq as it considers waiving sanctions on Iran.
In short, Washington demands the disarmament of Iran-linked militias, preferred access to major projects and contracts for U.S.
companies, and for Iraq not to be a platform for attacks on other states in the region.
America tends to view Iraq only through the lenses of conflict, terrorism, or competition with Iran, all important issues, but they do not define the full potential of the relationship.
Today, Iraq and the United States have an opportunity to build a partnership centered on economic development, energy security, and regional stability.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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