VOL. XLII

No 48

29-November-1999

IRAQ

Iraq痴 Temporary Suspension Of Exports Jolts Oil Markets

Iraq痴 decision on 21 November to reject Security Councilresolution 1275, which provides for a two-week extension of Iraqi oil exports,and to suspend oil exports has jolted the already volatile oil market (MEES,22 November). The Security Council is currently deliberating on its next moveon the oil-for-food program, as well as continuing consultations concerning the"omnibus" resolution. Meanwhile, OPEC...