Four months after the closure of the Strait of Hormuz, Iraq finds itself not at the edge of a food crisis but deep within one — a nation whose oil-dependent fiscal architecture has buckled under an 85 percent revenue collapse, leaving the systems that feed its people starved of the resources they require. As global food prices climb toward three-year highs and household incomes erode across nine in ten communities, Iraq confronts a convergence of pressures that no single policy can resolve. The summer cropping plan offers a fragile thread of continuity, but the deeper question — whether a stat
Strait of Hormuz Closure Triggers Fiscal Crisis, Food Price Surge in Iraq
Widespread livelihood disruption affecting 90% of communities with 85% of MSMEs experiencing significant revenue declines and wage reductions.