Iraq, the only victim of Iran’s threats to close the Strait of Hormuz for adoption by 90% on oil revenues

Parliamentary Committee on Energy: Iraq, the only victim of Iran’s threats to close the Strait of Hormuz for adoption by 90% on oil revenues
On: Tuesday 10/07/2012 13:25

Baghdad (news) .. According to a member of the Commission on oil and energy MP / mass change / Bayazid Hassan Abdullah, that the closure of the Strait of Hormuz by Iran will affect mainly on Iraq’s economy and will cause a “great tragedy.”
Abdullah said (of the Agency news Allanaba) Tuesday: The economy of Iraq depends by (90%) on the proceeds of Iraqi oil and the closure of the Straits will affect the export of oil and the prices have gone up, indicating the following: that the differences between Iran and the United States will aim Badhararha on the market the world’s oil. He added that some countries in the world can compensate for the reduction of export or high prices in the oil through its dependence on other sectors and companies large investment to help build its economy, but Iraq will suffer greatly from these actions result of its dependence on oil revenues in the economic construction. He pointed out that: Iran’s threats to close the strait would lead to ” a massive bomb in the Middle East, and that the closure of the Strait does not serve the security and stability of the region and would have major tensions and their consequences is commendable. The Strait of Hormuz, the only sea port of Iraq, Kuwait, Bahrain, Qtroho one of the most important waterways in the world and the most movement of ships and oil tankers. It is noteworthy that Iraq has contributed to by holding a meeting (5 +1) to analyzed by the differences between Iran and the United States over Iran’s nuclear program but for did not show good results of which led to take Iran threats to close the Straits the only solution in case the United States imposed U.S. economic sanctions. ended / 21 . n. r /
Source: ikhnews