24 Hrs
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بوابة الشروق
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Al-Zaydi: Iraq hit hardest by Hormuz closure
Iraqi Prime Minister Ali Falah al-Zaydi stated that Iraq is the most affected country by the closure of the Strait of Hormuz, as it heavily relies on oil revenues to meet its financial commitments. He called for a sovereign stance and urgent solutions to ensure the continuity of oil exports, emphasizing the need to assess the plans and strategies prepared by the Ministry of Oil, especially in light of the significant increase in export rates, which have now reached about two million barrels per day, with expectations of revenues totaling approximately $3 billion this month. He stressed the importance of acting quickly without waiting for external solutions, pointing out that halting oil exports through the strait causes substantial losses and places financial burdens on Iraq.
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