Iran war leaves Iraq running out of money

🌐 Deutsche Welle (IQ) —

AI Summary

Due to the blockade of the Strait of Hormuz amid the Iran war, Iraq is struggling to export sufficient oil to finance its public sector, leading to financial instability and the onset of protests. The conflict has raised concerns about further destabilization of Iraq's economy and governance.

Because of the blockage of the Strait of Hormuz, Iraq cannot export enough oil to fund the country's huge public sector. Protests have already started. Will the Iran war destabilize Iraq again?

World Security Conflict Politics Markets Energy Shipping Iran Iraq war Strait of Hormuz oil exports economic crisis protests energy blockade

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