Iran war reportedly squeezes Iraq’s economy as oil revenues fall and prices rise
Al Jazeera reports that disrupted oil exports are cutting Iraq’s revenues, while costlier imports and a weaker dinar are driving up prices.
TLDR
The war on Iran is putting pressure on Iraq’s economy, Al Jazeera reports. Disrupted oil exports are cutting revenues, while costlier imports and a weaker dinar are pushing up prices. The report describes these pressures as exposing Iraq’s reliance on oil and foreign goods.
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