
The elephant in the room between Trump and oil execs: Iraq
CNN
President Donald Trump painted a simplistic picture for the US operation in Venezuela: go in, get the oil and start exporting. But Big Oil’s experience in post-invasion Iraq proved that the reality will be far more complicated.
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Traffic through the strait, normally the conduit for a fifth of global oil output, has been severely curtailed since the start of the Iran conflict. But Iran itself is shipping oil through the waterway in almost the same volumes as before the war, earning the cash needed to sustain its economy and war effort.












