Finance Committee: Oil price$53-56

The article focused on the mechanism for determining the price of a barrel of oil in Iraq's 2027 budget. Expectations indicate that the price will be between $53 and $56, with the possibility of rising to $60–70, based on international oil market studies and global production conditions. Members of the financial committee explained that the price is set roughly and depends on market assessments, with the potential for the price to fluctuate by more than double or decrease to $60. Non-oil resources have not yet been finalized. This comes amid tensions in the Strait of Hormuz and predictions of significant price changes in the global oil market.

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