Economy
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EconomyIraq economy: Government runs out of money due to US war on Iran
Millions of Iraqi state employees and pensioners have gone unpaid this month as the government’s finances come under severe strain. Disruptions in the Strait of Hormuz have halted oil exports, the source of nearly all budget funding. Baghdad has no rapid alternative for replacing that revenue. Al Jazeera correspondent Jack Hewson reports from the Iraqi capital, describing the financial disruption caused by the conflict involving the United States and Iran.