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Iraq Faces Financial Crisis Amid Iran War and Strait of Hormuz Blockage

Deutsche Welle · first seen 12.08.2026

Iraq is running out of money due to the Iran war and the blockage of the Strait of Hormuz, which prevents oil exports needed to fund the public sector and has sparked early protests.

  • Iraq is running out of money as a result of the Iran war.
  • The blockage of the Strait of Hormuz prevents Iraq from exporting enough oil to fund its public sector.
  • Protests have already started in Iraq over the financial crunch.

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