Iraq Risks 80% Oil Revenue Loss if Hormuz Closes Again
Iraq faces the risk of losing 80% of its oil revenue if the Strait of Hormuz closes again.
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04:55:59 AM UTC
SquawkNews
By N SaeedA renewed closure of the Strait of Hormuz could slash Iraq's oil revenues by up to 80 percent, threatening government salaries, public services and the dinar, development and investment advisor Mohammed Al-Najjar has warned.Al-Najjar said a prolonged conflict involving Iran could keep cru…