Iraq seeks oil export alternatives as Strait of Hormuz blockade cuts revenues
Iraq is looking for alternative ways to export oil after the continued blockade of the Strait of Hormuz cut off most of its sea-based trade. The disruption has hit a key source of state income and left Baghdad facing a widening financial squeeze. Prime Minister Ali al-Zaidi raised the issue in a speech to the United Nations General Assembly on Friday.According to the supplied report, Iraq says it has been unable to export about 90% of its oil via the Gulf. Officials say the country has lost about $60bn in oil revenues since the war between the United States and... [Continue Reading]
360LiveNews | 28 Sep 2026 15:30 LONDON
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