A combination of foreign events is undermining Iraq’s fragile economy. On the one hand the Strait of Hormuz Iraq’s main oil export route remains closed cutting off the country’s main source of revenue. On the other hand, the money Baghdad is making from petroleum is being held hostage by the Trump administration that wants the new Prime Minister Ali al-Zaidi to crackdown upon the pro-Iran Resistance. Together this is driving the government towards insolvency.






