Global Economy Under Pressure as Iraq Remains Outside Impact Ranking

The ongoing US-Israeli war with Iran continues to impact the global economy, causing disruptions in energy supplies and increasing inflation concerns.

Major industrial economies such as Germany, the UK, Italy, and Japan have been affected, along with emerging markets like India, Turkey, and Gulf countries, and fragile economies including Egypt, Sri Lanka, and Pakistan.

Despite this, Iraq has not been classified among the most affected countries, even as its oil production fell to 1.3 million barrels per day and exports declined significantly.

The disruption in the Strait of Hormuz remains a key factor behind these developments.