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Iraq's oil production halted due to Strait of Hormuz blockade, causing economic instability.
Iraq's oil industry has nearly ground to a halt due to the conflict involving Iran, which has blocked the Strait of Hormuz.
Production in Basra has plummeted by over 70%, dropping from 3.1 million to 900,000 barrels per day.
Key fields have scaled back operations, and foreign workers have fled amid attacks.
With the government's funds expected to last only until mid-May, it may need to issue bonds, risking financial strain.
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La producción de petróleo de Irak se detuvo debido al bloqueo del Estrecho de Ormuz, causando inestabilidad económica.