No oil, no salary: Iraqi state employees are feeling the crunch of the Hormuz blockade
AI Summary
The blockade of the Strait of Hormuz has severely constrained Iraq's oil exports, undermining public sector funding and driving protests. The geopolitical tension from the ongoing Iran conflict is raising concerns about further destabilization within Iraq.
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 Politics Markets Commodities Energy Hormuz blockade Iraq oil exports public sector funding Iran conflict protests energy crisis