16 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Iran Central Bank Chief: Iraq's debt repayment hindered by Strait closure
The Governor of the Central Bank of Iran stated that Iran's oil exports have come to a complete halt, and its revenues have become zero due to sanctions and recent events such as the closing of the Strait of Hormuz. Although Iran has a plan to deal with the economic crisis, it is compelled to seek to seize financial dues from the countries it trades with, especially Iraq and Qatar, which can utilize their financial reserves to cover the shortfall. Meanwhile, Iran is unable to do so because its assets have been frozen by the United States. He also mentioned that Iraq has promised to pay its debts but is facing economic difficulties resulting from these events, which is also impacting Iraqi oil exports.
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