Article by Lecturer Asst. Mr. Amir Hasani Al-Bazi Due to its geographical location, Iraq cannot remain isolated from the effects of this war. Iraq relies on oil revenues for more than 90% of its total income, making it almost entirely dependent on oil. Therefore, any closure of the Strait of Hormuz would have extremely serious consequences for the Iraqi economy, as Iraq depends almost exclusively on this route for exporting its oil. Iraq exports approximately 3.5 million barrels of oil per day, and it lacks viable alternative export outlets. The closure of the Strait would paralyze oil exports and result in massive financial losses, leaving the government unable to cover salaries and operational expenditures. This, in turn, would negatively affect all other economic sectors. In addition, the Iraqi Ministry of Transport announced the closure of Iraqi airspace, which led to the cancellation of flights. The shutdown of airspace has caused daily financial losses to airlines and airports, along with a significant decline in tourism—especially religious tourism. Daily losses are estimated to amount to millions of dollars