Economic Warnings of Rising Food Prices in Iraq Following Strait of Hormuz Disruptions

Economic experts confirmed that food prices in Iraqi markets are facing significant challenges due to trade disruptions through the Strait of Hormuz. Economic specialist Rasheed Al-Khafaji explained that Iraq relies on imports for over 90% of its food needs, noting that any tension in maritime corridors increases transport and insurance costs. Al-Khafaji warned against the exploitation of crises by some merchants through monopolies and price hikes, urging government authorities to tighten market control and activate strategic reserves to maintain local market stability.


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Economic Warnings of Rising Food Prices in Iraq Following Strait of Hormuz Disruptions

admin
09 Jul 2026
1 min read