Iraq estimates $60B war losses

Iraq has incurred economic losses estimated at around $60 billion as a result of the war between the United States and Iran. Foreign Minister Fuad Hussein pointed out that ongoing conflict is exacerbating the global energy crisis and increasing inflation risks, negatively impacting the economies of several countries, especially in Europe. Additionally, persistent conflicts have intensified the economic and security challenges faced by Iraq, which heavily relies on oil exports, whose production has been affected by disruptions to navigation in the Strait of Hormuz.

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