The war in Iran is dealing a heavy blow to Iraq’s economy. Iraq relies on oil revenues for roughly 90% of its budget. Most of its oil is exported through the Strait of Hormuz, whic

The war in Iran is dealing a heavy blow to Iraq’s economy. Iraq relies on oil revenues for roughly 90% of its budget. Most of its oil is exported through the Strait of Hormuz, which has been effectively closed since the conflict started.