In a Forbes article, Keough School Hesburgh Professor Emeritus of Peace Studies George Lopez spoke on how United States sanctions on Iranian oil are threatening other economies.
In nations like Iraq, for example, Iranian oil is relied on heavily to generate electricity, the article said. Tightening economic sanctions could cripple the country’s public utilities, according to Lopez.
“The real issue for Iraq is its dependence on Iranian natural gas that includes some modest trade in oil,” said Lopez. “The exemption is critical for Baghdad given the continuing inability of the government to keep the electricity flowing. In places like Basra where there have been major anti-government demonstrations due to the incompetence of central government in providing basic public services, sanctions on Iran would take a further toll.”
Originally published at forbes.com on April 28, 2019.