Closing Strait of Hormuz to Deprive Iraq of Its Oil Revenues - Prime Minister's Adviser

NAMPA / Sputnik

2026-03-02

BAGHDAD, March 2 (RIA Novosti) - Iraq will lose most of its oil revenues due to the closure of the Strait of Hormuz, as there are no viable alternative export routes, the Iraqi prime minister's financial adviser, Mazhar Mohammed Saleh, told RIA Novosti on Monday. "The blockage of the Strait of Hormuz poses a severe challenge to the Iraqi economy, as Iraq exports almost all of its oil through this corridor. About 94% of Iraq's oil exports are ship......

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