Iran war squeezes Iraq’s economy as oil revenues fall and prices rise Disrupted oil exports, costlier imports, and a weaker dinar expose Iraq’s economic dependence on oil, foreign goods.Share this: US sanctions Iraqi minister accused of aiding Iran oil salesDateMay 7, 2026In relation toAl-JazeeraIraq signs deals with Western oil firms, including to revive Syria pipelineDateJuly 17, 2026In relation toAl-JazeeraDrone evades defences, ignites fire at southern Iraq oil facilityDateMarch 6, 2026In relation toAl-Jazeera