73 Days
Source:
وكالة بغداد اليوم الاخبارية
Source: وكالة بغداد اليوم الاخبارية
73 Daysوكالة بغداد اليوم الاخبارية
Source: وكالة بغداد اليوم الاخبارية
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The article discussed the ongoing disruption of Iraqi oil exports through the Strait of Hormuz and its impact on the country's revenues, as Iraq primarily depends on oil to fund its general budget. Economic experts confirmed that the halt in exports threatens the government's ability to finance expenditures and implement developmental projects, emphasizing the need for swift government action to activate emergency plans and develop export alternatives, especially as revenues decline and oil exports fall below previous levels. Additionally, the Foreign Minister warned of a serious financial situation if the closure continues, underscoring that Iraq relies on exporting approximately 90% of its oil revenues via Hormuz, which has been closed by Iran since the start of the war, leading to the printing of trillions of currency to cope with the crisis.
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