From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.
Iraq pivots north as Strait of Hormuz closure forces rethink on oil flows
Iraqi authorities are scrambling to contain a looming financial crisis as the Israeli-US war on Iran shows few signs of letting up.
The effective closure of the Strait of Hormuz, Iraq’s principal maritime export route, has forced a radical cut in crude production.
While Baghdad is exploring several alternate overland routes, none appear immediately viable or hold enough capacity to stave off a full-blown economic meltdown.
