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سرايا الإخبارية
Iraqi FM: $60B Loss from Middle East War
The article explains that Iraq has lost approximately 60 billion dollars since the start of the Middle East conflict, due to a decline in its oil exports caused by disruptions in navigation through the Strait of Hormuz and Iran's restrictions on shipping movement. This has led to rising consumer prices and a decrease in its foreign currency reserves by 20 billion dollars. Additionally, Iraq's oil revenue, which accounts for 90% of its income, has been significantly affected, with exports dropping sharply. However, Iraq has recently managed to raise its exports to 2.6 million barrels per day between September 1 and 21, following substantial damage to production and the halt of most oil fields. Currently, Iraq is striving to diversify its sources of income, including increasing non-oil revenues to 45% by 2037, amid a severe economic crisis triggered by the worsening oil market and regional tensions.
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