Move in US election year could push up oil prices, but Washington says Maduro has not made promised electoral reforms.
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The increase this year, driven by geopolitical tensions and supply shocks, could hamper efforts to rein in inflation.
More than 90 percent of Iraq’s government revenue comes from oil, leaving the country hostage to global prices.
Experts say that a halt in oil production could escalate already acute levels of violence and insecurity in South Sudan.
