Iran war halts Iraq shipments: Iraq's basra port sees sharp decline in trade

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The closure of the Strait of Hormuz has cut oil exports by 80% and sharply reduced imports of essential goods. This disruption comes as a major new port project linking Basra to Turkey begins operations, but trade is currently stalled, halting its expected role as a key transit route between Asia and Europe.

Al Jazeera’s Bernard Smith reports.

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#Iraq #StraitOfHormuz #OilExports #TradeCrisis #EconomicImpact #BasraPort #Turkey #GlobalTrade #EnergyCrisis #SupplyChain #AlJazeeraEnglish
Posted by Bart in Default Category 1 hour, 39 minutes ago  ·  Public

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