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By way of comparison, Iraq's oil production didn't return to the pre-war level until mid 2012. It's probably reasonable to expect several years of disruption t
by roryirvine 8mo ago
By way of comparison, Iraq's oil production didn't return to the pre-war level until mid 2012.
It's probably reasonable to expect several years of disruption to Iranian oil even if sanctions were to be completely lifted in the very near term.
- BurningFrog 8mo agoSure, but blocking Iraq, Kuwait, Saudi, Qatar etc from exporting through Hormuz has a much bigger effect on global oil prices, and that can be resumed immediately if/when the war stops.