Iraq lost over $40 bn in revenue during war: govt official

article author: AFP ID: 1784748101280631700 Wed, 2026-07-22 17: 22 BAGHDAD: A government official said on Wednesday that Iraq had lost more than $40 billion in revenue since the start of the Middle East war, mostly due to a sharp decline in its oil exports. The conflict and Iran’s blockade of the Strait of Hormuz choked off shipments and prompted production cuts in key oil-producing countries including Iraq, shaking world energy markets. Before the war, which began with US-Israeli strikes on Iran in late February, Iraq produced around four million barrels per day, and exported an average of 3. 5 million bpd, mostly via Hormuz. Main category: Middle East Tags: Iraq

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