Tuesday, 09 October 2012

Iraq sends crucial fuel oil to Syria

Iraq's shipments of fuel oil to Syria show the delicate balancing game it is playing in Middle East regional politics. The government of Nouri al-Maliki will be wary of alienating its Iranian allies and speaking out directly against the regime of Bashar al-Assad, as most other members of the Arab League have. However, it will also be concerned that a complete dissolution of order in Syria could lead to wider regional instability and threaten Iraq with further sectarian and political strife.

 

Syria's offer of providing irrevocable letters of credit and paying upfront show just how desperate the economic situation has become in the country with basic goods in short supply.

 

More on the economy of Iraq



Last modified on Thursday, 22 August 2013 15:51
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