Iraq Devalues Dinar Again To Maintain Bloated Govt Budget

  

Iraq devalued the dinar for the second time since 2020. Both times the government claimed this was a necessary reform but failed to bring about any positive results. Rather this is simply a way to maintain the budget.

Iraq’s Oil Revenues Hit 13 Month High

  

As the Iran conflict wanes Iraq has been able to slowly boost its oil exports for the last four months. This is welcomed news for the most oil dependent country in the world.

Iraq’s Debt And Borrowing Continues To Grow As Iran Conflict Persists

  

The Iran War has thrown Iraq into a crisis. It depends upon oil exports to fund its government. While sales are increasing for now revenues are still far below pre-conflict levels. That has led Baghdad to borrow huge sums and draw from the country’s foreign reserves.

Iran Charging Huge Fees To Allow Iraq To Export Oil

  

Iraq recently announced that it was exporting over 3 million barrels a day in oil but this is coming at a huge cost due to Iranian fees to pass through the Strait of Hormuz.

Iraq’s Oil Exports Pass 1 million barrels a day for 1st time since Iran War Started

  

For the first time in five months Iraq’s average daily oil exports passed the one million barrel mark. As major fighting has become sporadic between the U.S. and Iran sales have increased.

Iraq Considering Emergency Economic Plan Until Oil Exports Revived

   

An economic advisor to Prime Minister Ali al-Zaidi said that the government was considering a 100 day emergency economic plan to cover spending and the budget until oil exports could return to pre-war levels.

Iraq’s Financial Woes Continue Due To Iran War And Trump Administration

  

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.

Iraq’s Oil Exports Take Another Hit As Strait Of Hormuz Remains Closed

  

Iraq’s main oil export route through the Strait of Hormuz remains closed due to the U.S.-Iran conflict. This is having a deleterious effect upon Iraq’s petroleum industry and economy.

US Cuts Off Iraq’s Oil Revenues To Force It To End Iranian Influence

  

The Trump administration dramatically increased the pressure upon Iraq to curtail Iranian influence in the country.

Iraq’s Oil Exports Collapse Due To Iran War

  

In March Iraq’s oil exports hit the lowest volume since the 2003 invasion due to the Iran War. The conflict is not over yet threatening the industry’s attempt to restart production. This is causing a financial crisis for the most oil dependent country in the world.

Iran War Day 39: Explosions Across Baghdad

  

The news of the day was a series of strikes by the U.S. and Israel across Baghdad. The Federal Police’s 2^nd Division was hit in Sabi al-Bour in the north. This was likely a mistake as a nearby Hashd base was also struck. Five police were wounded. A rocket landed on a house in Amiriya killing two civilians while an airstrike blew up a home on Palestine Street. The latter was used to store weapons for the Resistance. Jets also targeted locations in Jamila and Maghreb Street in the east. Five Hashd were wounded at a camp in Taji outside of the city in the north.

Iran War Day 36 Iraq's Oil Industry Continues To Be Threatened Financial Crisis By May

The U.S. or Israel bombed the Shalamcheh border crossing between Basra and Iran on the Iranian side. An Iraqi civilian was killed as a result along with five others being wounded.

Day 35 Of Impact of Iran War On Iraq: New Oil Export Routes Can’t Save Iraq From Economic Crisis Caused By Conflict

  

The Hashd Commission and the pro-Iran Resistance gave some numbers on the impact of the Iran War. The Commission said that there had been 83 attacks upon Hashd units since February 28 leading to 73 dead and 61 injured. The Resistance on the other hand claimed it carried out 753 operations and 23 alone on April 3.

Iraq Running Out Of Money Due To Iran War

  

The Financial Times reported on the economic crisis that the Iran War is causing for Iraq. It said that Baghdad has lost around $5.4 billion since the start of the conflict and it only has 1-2 months worth of cash to cover government salaries. The Central Bank on the other hand said its reserves could cover 12 months worth of oil exports. The problem is by law the bank can’t cover the government’s budget so it has to issue bonds or some other means to provide money. Government salaries and benefits are the largest part of the budget because adding public workers is the main means that the ruling parties have to maintain their support. Before the war Baghdad was running into problems meeting its obligations because of low oil prices. Now it is barely making any money with the Strait of Hormuz closed.

Iraq Unable To Pay Its Obligations As Financial Crisis Grows

 

 

For months there have been warnings of an impending financial crisis for the Iraqi government. That finally started to hit in February 2006 as Baghdad wasn’t able to pay all of its workers their full wages.

Iraq Oil Exports Continue Slow Decline But Revenues Up In January

  

Iraq’s oil exports have been going down for the last three months. Despite that prices continue to fluctuate and the country earned more in January than December.

Iraq’s Oil Revenues Continue To Drop Posing Major Problems For Budget

 

For the second month Iraq’s oil exports and revenues dipped posing more problems for the country’s bloated budget.

Signs Of Pending Financial Crisis In Iraq Increasing

 

Iraq is battling a rising budget deficit and is unwilling to do anything about it. Economists and analysts warn that Baghdad may not be able to meet its bills but the elite are unmoved as usual.

Iraq’s Oil Revenues Dip In November 2025

 

Iraq is exporting the highest level of oil in its history as it attempts to earn as much as possible while prices are declining. This is an attempt to stave off a financial crisis.

Iraq Heading Towards Financial Ruin

 

For several years now Iraq’s finances have been on shaky ground. It continuously expands its public workforce while oil which it is completely dependent upon goes up in down in price. This is growing to a crisis point as Iraq has passed the largest budgets in history recently but hasn’t been able to cover them leading to a growing debt that the state may not be able to cover for much longer.