Iraqi Minister of Finance: The closure of the Strait of Hormuz will start an economic disaster

Shafaq News/ The Iraqi Minister of Finance, Fuad Hussein said that Iraq is concerned about the ongoing escalation in the Strait of Hormuz.

"The current tension between Iran and some international powers within the Gulf waters and the extent of the damage that this can cause to Iraqi oil exports, thus reflected on its general budget, which accounts for about 90 percent of oil imports," Hussein said in an interview with an independent Arabia, adding , Iraq is concerned about what this file has witnessed by this escalation. "

He added that "turning this tension into an armed conflict may cause major problems in the Gulf region, which could lead to the closure of the Strait of Hormuz, if happened, it would be difficult for Iraq to export its oil through the base port of Basra , this is a disaster to Iraq , Stressing his government's efforts to spare the region that fate.