Iraq says oil revenue losses and trade disruption deepen economic strain after Iran war spillover
Iraq says the war involving Iran has triggered a sharp economic shock, cutting oil revenues and disrupting trade routes that pass through the Strait of Hormuz. The government says the impact has been felt in exports, imports and transport costs, adding pressure to an economy that depends heavily on oil income. Prime Minister Ali al-Zaidi has described the country as facing extraordinary economic challenges.According to the supplied report, Iraq says it has lost about $60bn in oil revenues since the conflict began. Officials say that, for a period, the country was unable to export about 90% of its oil through... [Continue Reading]
360LiveNews | 26 Sep 2026 09:59 LONDON
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