Iraq loses $40 billion in oil revenues since the start of the Middle East war
Iraqi oil exports have dropped by 90% due to the blockade of the Strait of Hormuz.
Published 6sem3 sources✓ ConfirmedImportantupdated 1j
Lire en français
≈ 23s
The fact
Baghdad's monthly revenues have fallen from $8 billion to $1.5 billion since February.
The country, 90% dependent on oil, fears an economic crisis with no quick resolution.
3 sources — click a link to read an article on the topic:
Why it matters
Cette chute brutale des revenus pétroliers menace la stabilité économique de l'Irak, déjà fragilisée par les conflits régionaux, et pourrait aggraver les tensions géopolitiques au Moyen-Orient.