rafidainscope - The Parliamentary Finance Committee has revealed the mechanism for calculating the price of a barrel of oil in the 2027 federal budget, in light of current tensions in strategic waterways. Parliamentary sources explained that current disruptions are temporary
and that the budget is prepared on an annual basis, meaning prices are determined based on in-depth studies of the global market rather than emergency conditions. Estimates indicate Iraq may adopt a price ranging between $53 and $56 per barrel,
with the possibility of considering options between $60 and $70 according to international data and export routes, confirming that the budget is still in the planning phase for all its expenses and resources.
