US Power Play in Iraq Amid Global Tensions; Iraq Targets 10M BPD Oil Output

The U.S. is intensifying its influence in Iraq, capitalizing on global geopolitical distractions involving Russia, Ukraine, Iran, and China. This strategic focus gains urgency as Iraqi Prime Minister Ali al-Zaidi revealed plans to boost the country's oil production significantly, aiming for 8 to 10 million barrels per day within the next six years. Such a substantial increase in future oil supply from a key producer could impact global crude prices, potentially influencing inflation and central bank policies, which in turn may affect gold and USD/PKR rates in Pakistan.

بحوالہ / Source: oilprice.com