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Iraq will benefit from sanctions against Iran

Iran will sell less oil—and Iraq will make up the difference

By Prospect  

The Basra oil terminal. Iraqi oil sales will increase as a result of sanctions against Iran © Darryl L. Montgomery

A senior official told Prospect this morning that Iraq stood to benefit from western sanctions against its neighbour Iran. Many Iraqis remember well the debilitating effects of the sanctions that were imposed on Iraq when Saddam was in office and retain strong views about the ethical implications of such methods.

However, a calculation that is increasingly understood in Iraq is that sanctions on Iran means the country…

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