VOL. XLI

No. 46

16-November-1998

IRAQ

War On Iraq Imminent, Oil Exports In The Balance Once More

As the latest crisis between Iraq and the Security Council comes tohead and the US readies its armed forces to strike if Baghdad does not allow UN weaponinspectors to resume their operations, the question facing oil markets is whether Iraqioil exports will be suspended once again, and if so, for how long (for political analysis,see C section).

The UN has stated publicly that despite the fact that UN...