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United States of America sent a delegation to the Kurdistan to discuss the things to resolve the issue between Kurdistan and Iraq. The oil dispute between both of the regions is the major cause for non approval of the annual budget of Iraq.

Iraqi Dinar 123 News:- Finance committee explained that the delay in approving the Iraq budget because of dispute between provinces in Iraq. Baghdad and Kurdistan major dispute on oil production and revenue. Decline in the oil prices effecting Iraqi treasury and Budget depends on treasury.

The Arab world has never created good relations with Iraq. Most of the time they even cancelled the events of patch up because of many reasons. One major issue has remained a Sunni Sheea dispute. Saudi Arabia has remained in opposition of Iraq most of the time.

The major difference between Baghdad and Erbil is the disputed oil policy for Kurdistan. Baghdad wants Kurdistan to export 400,000 barrel oil per day through Baghdad pipelines. Kurdistan considers this oil policy against their economy and ready to export just 100,000 barrels through Baghdad.