“I think the Iraq situation…is maybe the most underestimated of all the things we’re looking at,” Frederick Kempe, president and CEO of the Atlantic Council, said on CNBC’s “Capital Connection” on Monday.
“There’s actually an opening for Iraq to create more independence for itself, from Iran,” he said. “That’s what I’d be watching.”
His comments came amid heightened tensions in the Middle East following an American airstrike in Iraq that killed Iran’s top commander Qasem Soleimani. Tehran retaliated by attacking U.S. targets in Iraq, but both sides now appear to have backed away from military actions.
“If you listen to some members of the U.S. government, they believe that Iraq over time has fallen more and more under the sway of Iran,” he said. America has been trying to push Iraq toward being more energy independent, but faced…