Iraq Delays Public Salaries Amid Plunging Oil Revenue Due to Hormuz Blockade

Iraq has delayed July public salaries after its oil exports significantly dropped from 100 million barrels in February to about 32 million in May and June, attributed to a blockade in the Strait of Hormuz.

5 Aug, 12:19 — 5 Aug, 12:19

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jerusalem-postMostly Factual1h ago

Iraq delays July public salaries as Strait of Hormuz blockade guts oil revenue

Iraq’s oil exports plunged from 100 million barrels in February to around 32 million in May and June, according to figures shown to The National by the country’s Oil Ministry.

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Iraq Delays Public Salaries Amid Plunging Oil Revenue Due to Hormuz Blockade

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Iraq delays July public salaries as Strait of Hormuz blockade guts oil revenue

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