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Disrupted Strait of Hormuz oil exports have strained Iraq’s finances, prompting a dinar devaluation, higher import costs and trading uncertainty. Iraq is pursuing alternative routes, including expanded exports through the Iraq–Turkey Pipeline.
Oil revenues account for more than 90 percent of Iraq’s federal budget.
The United States and United Kingdom completed their military withdrawal from Iraq, ending the 12-year Operation Inherent Resolve mission. Prime Minister Ali al-Zaidi declared October 1 a Day of Sovereignty and Independence, while Kurdish leaders face security and political pressures.
Length of the U.S. military presence in Iraq
US sanctions on Iranian airlines and service providers have suspended or disrupted routes to the UAE and other countries. Travellers now face journeys of up to 18 hours and fares above $1,000, while about 20% of international flights from Iran have been suspended.
Iraqi airports that suspended flights to and from Iran
Cabinet portfolios approved by Iraq’s parliament
Iraqi Prime Minister Ali Faleh al-Zaidi told Saudi Crown Prince Mohammed bin Salman that Iraq would not allow its territory to be used to launch attacks against Saudi Arabia or other regional countries. The discussion took place during al-Zaidi’s visit to Riyadh.
The East-West oil pipeline has a maximum capacity of seven million barrels per day.
Number of Middle East official history volumes commissioned
U.S. forces formally withdrew from Iraq, ending their military presence there. The withdrawal was accompanied by celebrations in the capital and concern about what would follow; NPR reports it came 23 years after George W. Bush’s “shock and awe” campaign.
The United States is pulling its last troops out of Iraq. NPR’s Michel Martin discusses the potential impact on the Middle East with retired Lt. Gen. H. R. McMaster.