Iraq says lost $60bn as Middle East war hits oil exports

Published Updated
0

Iraq has lost around $60 billion during the Middle East war, Foreign Minister Fuad Hussein says, with Iran blockading the Strait of Hormuz, which is crucial to global energy flows, AFP reports.

“Iraq has suffered losses estimated at around $60bn during the recent war between the United States and the Islamic Republic of Iran,” Hussein tells his Italian counterpart in Rome, according to a statement from the Iraqi foreign ministry.

Opinion

Editorial

Deadly classrooms
Updated 16 Oct, 2026

Deadly classrooms

Parents should not have to become structural engineers to judge whether their children are safe at school.
Diplomatic options
Updated 16 Oct, 2026

Diplomatic options

Regional states know that the alternative to talks — a fully fledged war on both fronts — will bring immeasurable destruction to the Gulf, the Red Sea and the surrounding areas.
Hunger in Pakistan
16 Oct, 2026

Hunger in Pakistan

PAKISTAN’S position as the country most affected by hunger in South Asia is not surprising. An economy battered by...
Lagging behind
Updated 15 Oct, 2026

Lagging behind

The immediate task is to contain inflation and protect vulnerable households without reviving unsustainable subsidies or excessive demand.
India voter purge
Updated 15 Oct, 2026

India voter purge

Earlier, the BJP and its Hindutva cohorts could get away with trampling the rights of Indian Muslims, but now their shenanigans are not working.
Multan derailment
15 Oct, 2026

Multan derailment

IN numerous states, including many of Pakistan’s neighbours, rail transport is a safe and affordable mode of...