Iran war halts Iraq shipments: Iraq's basra port sees sharp decline in trade

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Al Jazeera English

The closure of the Strait of Hormuz has cut oil exports by 80% and sharply reduced imports of essential goods. This disruption comes as a major new port project linking Basra to Turkey begins operations, but trade is currently stalled, halting its expected role as a key transit route between Asia and Europe. Al Jazeera’s Bernard Smith reports. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X : https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.news/AJEMobile #Iraq #StraitOfHormuz #OilExports #TradeCrisis #EconomicImpact #BasraPort #Turkey #GlobalTrade #EnergyCrisis #SupplyChain #AlJazeeraEnglish