Iraqi Finance Minister Informs Iranian Central Bank Governor of Strait of Hormuz Closure Impact

Iraqi Finance Minister Faleh Sari informed Abdul Nasser Hemmati, Governor of Iran's Central Bank, on Monday that the Strait of Hormuz closure negatively impacted Iraq's economy. This was stated during Sari's reception of Hemmati, attended by Iranian Ambassador Mohammad Kazem Al Sadegh. Their meeting addressed economic and financial ties between the two nations, seeking ways to strengthen them for mutual benefit. They specifically discussed the adverse effects of the Strait's closure on Iraq's economy, particularly concerning oil exports and revenue flows. Hemmati, in turn, emphasized Iran's commitment to enhancing economic and financial cooperation with Iraq, pledging continued joint efforts to bolster Iraq's economic stability and prosperity.