An Economist Warns: Any Regional Crisis Will Directly Impact The Iraqi Economy
Time: 2026/01/15 Reading: 45 times {Economic: Al-Furat News} Economic expert Abdul Rahman Al-Mashhadani confirmed today, Thursday, that the international and regional situation directly affects the Iraqi economy, warning of the repercussions of any potential crisis in the region.
Al-Mashhadani told Al-Furat News Agency that “the international situation, especially in the region, greatly affects Iraq and its economy. If war breaks out, and despite the high oil prices, Iraq will be affected by Iran closing the Strait of Hormuz, as Iraq is considered the only outlet and main artery for exporting Iraqi oil. Even if the closure does not last long, it will have a significant impact.”
Al-Mashhadani added that "the Iraqi economy will also be affected beyond oil due to the market's reliance on many basic Iranian materials, which are included in the food basket of fruits. If these are cut off, it will be difficult to replace them from other countries, which will require time and new contracts. Iraq also depends on Iranian gas, and this interdependence means that any problem in the region will be reflected 100% on the Iraqi economy, and Iraq will be the most affected." From. Ragheed LINK
