# Iran war squeezes Iraq’s economy as oil revenues fall and prices rise

> Iraq is a state heavily dependent on imports, from food and medicines to appliances, as well as raw materials for its industries.

- Published: 2026-10-10T13:31:58.211Z
- Updated: 2026-10-10T13:31:58.211Z
- 2 sources
- Topics: Economy, business and finance, Science and technology
- Involves: Alaa-Eddin Sulaibi, Ali al-Zaidi, Azhar Hussain, Basrah Medium crude, Central Bank of Iraq, Chowk Bazaar, Devaluation of the Iraqi dinar, Federal Reserve Bank of New York, India, India Today’s OSINT team, Iraq, Iraq’s federal budget

## How it developed

- 2026-09-26T08:45:01.430Z - Al Jazeera English: [Iran war squeezes Iraq’s economy as oil revenues fall and prices rise](https://www.aljazeera.com/news/2026/9/26/iran-war-squeezes-iraqs-economy-as-oil-revenues-fall-and-prices-rise)
- 2026-10-05T12:30:05.902Z - India Today: [As US leaves, cheap Iraqi oil comes with a catch for India](https://www.indiatoday.in/india/story/iraqi-oil-india-imports-four-risks-after-us-troop-exit-hormuz-threats-3009938-2026-10-05)
- 2026-10-08T12:15:01.288Z - Al Jazeera English: [Why has Iraq devalued its currency, and why are some MPs against it?](https://www.aljazeera.com/economy/2026/10/8/why-has-iraq-devalued-its-currency-and-why-are-some-mps-against-it)
- 2026-10-10T13:31:58.211Z - Al Jazeera English: [High silver prices threaten Lucknow’s famed bridal nagra craft](https://www.aljazeera.com/features/longform/2026/10/10/high-silver-prices-threaten-lucknows-famed-bridal-nagra-craft)

Read it on FeedAtom: https://www.feedatom.com/stories/iran-war-squeezes-iraq-s-economy-as-oil-revenues-emjnb99bf4c36ym0jb967n5k1