Iraq's Prime Minister: We Face War Fallout, Hormuz Strait Closure, and Economic Challenges
Ali Falah al-Zaydi says Iraq pursues an open foreign policy, mutual interests, and long-term economic partnerships while addressing 'exceptional' economic pressures
Iraq's prime minister says the country faces exceptional economic challenges due to war impacts and Hormuz Strait closure, while pursuing an open foreign policy and long-term economic partnerships. He also emphasizes regional security responsibilities and plans across political, security, and economic spheres.
Shafaq News, as reported via IRNA, quoted Iraqi Prime Minister Ali Falah al-Zaydi saying Baghdad is working to reduce tensions and help resolve regional crises, even as it confronts economic challenges tied to the region's war fallout and the closure of the Hormuz Strait. Al-Zaydi stressed that Iraq's foreign policy is built on an open approach, mutual respect, and shared interests, and that Baghdad seeks long-term economic partnerships with global partners, companies, and international institutions.
He added that Iraq plays a role in regional security and stability, and that the government is formulating programs and strategies across political, security, and economic areas to address current challenges.
Regarding the economy, Al-Zaydi noted that the war's regional consequences and the Hormuz closure have left Iraq facing “exceptional” economic challenges, and he reaffirmed the government's commitment to supporting the private sector as a cornerstone of development and diversification of Iraq's economy.