Epic collapse in oil price is a second pandemic for the Middle East
Iraq relies on oil and is already in economic dire distress. The successful Kurdistan autonomous region also relies on oil and will be hit hard.
A general view of Abadan oil refinery in southwest Iran, is pictured from Iraqi side of Shatt al-Arab in Al-Faw south of Basra, Iraq September 21, 2019(photo credit: REUTERS/ESSAM AL-SUDANI)BySETH J. FRANTZMAN